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Depreciation for productivity

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This Course Includes

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  • icon1 hours 10 minutes
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  • iconOnline - Self Paced
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About Depreciation for productivity

Introduction

Assets Defined

Depreciation on the Financial Statements

Journal Entry

Depreciation Methods

Straight Line Depreciation

Straight Line Depreciation: Partial Year

Declining Balance Method

Declining Balance Method: Partial Year

Sum-of-the-years Digit Method

SYD method for Partial Year

Activity method

Comparison

More Declining Balance Method Considerations

Conclusion

What You Will Learn?

  • Course Overview.
  • Depreciation calculations can strike fear in the best accounting student. What should be depreciated and what should not? How should you calculate mid-year depreciation? Why are there so many methods and how do they compare? Depreciation can be one of the most challenging topics for anyone learning accounting..
  • Start from the beginning!.
  • This course is a beginner’s guide for depreciation calculations. It is presented to you in quick lectures utilizing Excel spreadsheets. Never sweat the depreciation calculations again. Breeze through depreciation by learning with a real-world type example company. You will understand depreciation, how to calculate it and have tools you can take with you to apply to real businesses..
  • What will you learn?.
  • First, understand the assets used in a business. You’ll see when an asset is right for depreciation. You will then learn the various methods that can be used for depreciation calculations. Start with the most common method, Straight Line. Then we’ll cover accelerated methods like Declining Balance Method and Sum of the Years Digit. Next is a discussion of another option for depreciation, the Activity Method. After all this you are ready for an overview of some more advanced topics in accelerated methods..
  • Learn by doing..
  • Your project includes three Excel spreadsheets that let you walk through calculating depreciation using the Straight-Line Method, Sum-of-the-year’s digit method, and the Declining Balance Method. See each calculation at work..
  • Who will benefit from this course?.
  • If you are a beginning level accounting student that wants to develop a better understanding of depreciation then you are perfect for this course. Also, bookkeepers or entrepreneurs that need to use depreciate within their business will be find this course an excellent resource..
  • Course Prerequisites:.
  • This course is for the beginning level student. It covers depreciation from the beginning. However, students should have a basic understanding of accounting in general..