Accounting for Depreciation AGAIN!

Accounting
1

Hi, I have read and tried the other questions on this but cant get it to work, Could someone please explain to me slowly and simply, step by step how to account for depreciation:

I have a value, lets say £1000 in my 0030 office equip account.
I would like to depreciate this by £250.

How would I do this?

I can see 3 accounts that sound like they have something to do with this, named:
0030 Office Equip
0031 Depreciation For Above
8004 Office Equipment Depreciation.

Could you please also explain what I would expect to see in way of figures changing within my accounts, Thank you.

2

I was about to help on this, until I noticed 8004, which if I’m honest, threw me a bit.

So, to add to @Gavin_Bonser’s question (Sorry Gavin).

What’s the difference between 0031 and 8004, and which should be used?

3

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