- published: 11 Aug 2016
- views: 254961
Depreciation
In accountancy, depreciation refers to two aspects of the same concept:
A method of reallocating the cost of a tangible asset over its useful life span of it being in motion. Businesses depreciate long-term assets for both tax and accounting purposes. The former affects the balance sheet of a business or entity, and the latter affects the net income that they report. Generally the cost is allocated, as depreciation expense, among the periods in which the asset is expected to be used. This expense is recognized by businesses for financial reporting and tax purposes. Methods of computing depreciation, and the periods over which assets are depreciated, may vary between asset types within the same business and may vary for tax purposes. These may be specified by law or accounting standards, which may vary by country. There are several standard methods of computing depreciation expense, including fixed percentage, straight line, and declining balance methods. Depreciation expense generally begins when the asset is placed in service. For example, a depreciation expense of 100 per year for five years may be recognized for an asset costing 500.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Depreciation
Currency appreciation and depreciation
Currency depreciation is the loss of value of a country's currency with respect to one or more foreign reference currencies, typically in a floating exchange rate system. It is most often used for the unofficial increase of the exchange rate due to market forces, though sometimes it appears interchangeably with devaluation. Its opposite, an increase of value of a currency, is currency appreciation.
The depreciation of a country's currency refers to a decrease in the value of that country's currency. For instance, if the Canadian dollar depreciates relative to the euro, the exchange rate (the Canadian dollar price of euros) rises: it takes more Canadian dollars to purchase 1 euro (1 EUR=1.5 CAD → 1 EUR=1.7 CAD).
When the Canadian dollar depreciates relative to the euro, Canadian goods become more competitive on world markets because their price when exchanged to euro will be lower. The result will be an increase in Canadian exports. On the other hand, European sellers that denominate their goods and services in euros will be less competitive, because European products denominated in euros will be more expensive in Canada.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Currency_appreciation_and_depreciation
Depreciation (economics)
In economics, depreciation is the gradual decrease in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, obsolescence or changes in the demand for the services of the capital in question. If the capital stock is 
in one period 
, gross (total) investment spending on newly produced capital is 
and depreciation is 
, the capital stock in the next period, 
, is 
. The net increment to the capital stock is the difference between gross investment and depreciation, and is called net investment.
Models
In economics, the value of a capital asset may be modeled as the present value of the flow of services the asset will generate in future, appropriately adjusted for uncertainty. Economic depreciation over a given period is the reduction in the remaining value of future services.
Under certain circumstances, such as an unanticipated increase in the price of the services generated by an asset or a reduction in the discount rate, its value may increase rather than decline. Depreciation is then negative.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Depreciation_(economics)
Podcasts:
-
Depreciation explained
What is depreciation? How to calculate depreciation? Depreciation, amortization and CapEx tutorial. Overview of depreciation accounting (concept and application), and related topics such as accumulated depreciation, book value, residual value, historical cost, fixed assets, amortization, useful life, capital expenditures (CapEx) and capitalization. Intended for students and business people at both entry and advanced levels. ⏱️TIMESTAMPS⏱️ 0:00 Introduction 0:20 What is depreciation 1:22 Depreciation definition 2:50 Useful life of an asset 4:05 Accounting for depreciation 4:52 Depreciation journal entries 5:25 Historical cost of an asset 6:20 Straight-line depreciation vs other depreciation methods 7:26 Residual value of an asset 7:55 Depreciation vs amortization Depreciation is the accou...
published: 11 Aug 2016 -
DEPRECIATION BASICS! With Journal Entries
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop In this video you'll learn how Depreciation works in Accounting. We'll work through a Straight Line Depreciation example and explore the Journal Entries that need to be posted. Others depreciation methods include... ▪ Straight Line Depreciation Method → https://youtu.be/iruD9KTNnNc ▪ Double-Declining Balance Method → https://youtu.be/M-VzJ51zZoM ▪ Sum of the Year's Digits Method → https://youtu.be/Q03t8vuRMwo ▪ Units of Production Method → https://youtu.be/QJk6DgML0BQ This episode of Accounting Stuff is part of a mini-series on Depreciation in Accounting. You can find the link to the whole playlist here ⬇️ 🔗Full Depreciation Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l324hTFoBXWq9T3tUY_LUrn2 🔴Subscribe for mo...
published: 25 May 2020 -
Depreciation | A-Level & IB Business
Depreciation is the method by which the cost of a fall in value of fixed assets is recognised in the financial accounts of a business. This video explains the two main methods of calculating depreciation. #alevelbusiness #businessrevision #aqabusiness #edexcelbusines #businessalevel VIDEO CHAPTERS 00:00 Introduction 00:42 Simple example of depreciation 01:48 Main methods of depreciation 02:46 Worked example
published: 01 May 2016 -
STRAIGHT LINE Method of Depreciation in 3 Steps!
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop In this video you'll learn how to use the Straight Line Depreciation Method in Accounting. This is the simplest way to depreciate Tangible Fixed Assets. Others depreciation methods include... ▪ Straight Line Depreciation Method → https://youtu.be/iruD9KTNnNc ▪ Double-Declining Balance Method → https://youtu.be/M-VzJ51zZoM ▪ Sum of the Year's Digits Method → https://youtu.be/Q03t8vuRMwo ▪ Units of Production Method → https://youtu.be/QJk6DgML0BQ You'll find out what depreciation means and how it applies to Non-Current Assets on a farm. Then we'll cover a full worked example where you'll learn how to apply the Straight Line Method in three simple steps. This episode of Accounting Stuff is part of a mini-series on Depreciation in...
published: 06 Apr 2020 -
#1 Depreciation - Concept - By Saheb Academy - Class 11 / B.COM / CA Foundation
Here I have explained the concept of Depreciation in a simple way with 100% logic. ⏱TIMESTAMPS 00:00 - Intro 00:36 - Concept with Example 18:53 - Features of Depreciation 24:57 - PPE Basics and Components of Cost 33:02 - Accounting Treatment of Depreciation 40:52 - With Accumulated Depreciation A/c 49:38 - Methods of Depreciation 50:16 - Second Hand Purchase of an Asset Next: #2 Depreciation - SLM - Problem 1 https://youtu.be/lCsZfzUwQqk Introduction to Accounting - Basics Concepts https://youtu.be/xWKfKCnQqAE PDF Notes (Telegram) https://t.me/sahebacademy7 Clear your doubts by direct messaging us on Instagram https://www.instagram.com/sahebacademy/ Please Like, Subscribe and Share this video on your social media account. #accounting #class11 #cafoundation
published: 09 Sep 2022 -
Amortization and depreciation | Finance & Capital Markets | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/depreciation-amortization-tut/v/amortization-and-depreciation Comparing depreciation and amortization. Created by Sal Khan. Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/depreciation-amortization-tut/v/depreciation-in-cash-flow?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: How do you account for things that get "used up" or a cost that should be spread over time. This tutorial has your answer. Depreciation and amortization might sound f...
published: 01 Apr 2011 -
Depreciating Assets Explained in One Minute
Depreciating assets are assets about which you can be pretty much certain they'll lose value: electronics, furniture, you name it. While depreciating assets are obviously "better" to have than liabilities, your goal should definitely be aquiring investment grade assets (real estate, stocks, digital assets and so on) rather than depreciating ones. Remember: you BUY depreciating assets, you don't INVEST in them. Please like, comment and subscribe if you've enjoyed the video. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated! Oh and I've ...
published: 17 Sep 2016 -
Depreciation of a Car Value
published: 14 May 2023 -
How to calculate Depreciation | Straight Line Method Depreciation
In this video you will learn how to calculate depreciation using the straight line method. Tutorial on calculating depreciation using the reducing/diminishing balance method: https://youtu.be/fH-18f0Q0sw " For the wages of sin is death, but the gift of God is eternal life in Christ Jesus our Lord." - Romans 6:23 "For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life." - John 3:16
published: 15 Oct 2020 -
FA 36 - Straight-Line Depreciation Example
Go to: http://www.accountingworkbook.com/ to download the problems. If you'd like to become a member an gain access to over 100 "Members Only" tutorial videos found on http://www.accountingworkbook.com/ - click the join button or click this link: https://www.youtube.com/channel/UCNFClg6mzfZ5ixpuH9c7f1A/join Module 8 examines the depreciation of capital assets. We learn to compute straight-line, units of production, and double declining balance depreciation. We also learn to sell assets at a gain or loss.
published: 26 Aug 2019
developed with YouTube
8:37
Depreciation explained
- Order: Reorder
- Duration: 8:37
- Uploaded Date: 11 Aug 2016
- views: 254961
What is depreciation? How to calculate depreciation? Depreciation, amortization and CapEx tutorial. Overview of depreciation accounting (concept and application...
What is depreciation? How to calculate depreciation? Depreciation, amortization and CapEx tutorial. Overview of depreciation accounting (concept and application), and related topics such as accumulated depreciation, book value, residual value, historical cost, fixed assets, amortization, useful life, capital expenditures (CapEx) and capitalization. Intended for students and business people at both entry and advanced levels.
⏱️TIMESTAMPS⏱️
0:00 Introduction
0:20 What is depreciation
1:22 Depreciation definition
2:50 Useful life of an asset
4:05 Accounting for depreciation
4:52 Depreciation journal entries
5:25 Historical cost of an asset
6:20 Straight-line depreciation vs other depreciation methods
7:26 Residual value of an asset
7:55 Depreciation vs amortization
Depreciation is the accounting process of allocating the cost of tangible assets to current expense in a systematic and rational manner in those periods expected to benefit from the use of the asset.
That last part of the sentence “in those periods expected to benefit from the use of the asset” is called the matching principle: expenses should be recorded during the period in which they are incurred.
Depreciation is often referred to as a non-cash expense. The cash was spent when we bought the asset, depreciation allocates the value of the asset over the years in which we use it.
As you can see from the journal entries in the video, depreciation is not about putting money aside for buying a new asset once the current one is at the end of its lifetime. Depreciation takes the amount you spent to buy the asset, and allocates a proportionate amount to each of the periods of its useful life. Hopefully the company that we are looking at generates very profitable products or services with the building, machine and truck that they are using, and the cash generated with selling these products and services can be used in the future to buy replacements for the assets that are at the end of their lifetime.
What can you include in the value of the asset on the balance sheet when you buy it? This depends on the accounting rules that your company applies, which in turn depends on the country where you are located and whether you are accounting for tax or statutory purposes, or for reporting to the stock market. Generally, what you pay for the asset to the supplier, as well as transportation and installation cost can be capitalized. Capitalization means recording things as fixed assets on your balance sheet.
It’s important to have consistency of method in the way you depreciate assets. A company could change from linear depreciation of its trucks to a depreciation based on units of production (which in the case of trucks would be mileage), if that presents a more fair and accurate representation of the value of the assets. However, you can’t be flipping back and forth between methods randomly every year, as that would adversely impact the year-over-year comparisons, and it would not come across as very systematic and rational per our definition earlier on.
What is the difference between depreciation and amortization? The concept is the same, but depreciation and amortization are applied to different types of assets. You depreciate a tangible asset, and amortize an intangible asset. The threshold levels (minimum total spend) and capitalization criteria for intangible assets tend to be a lot more stringent than those for tangible assets.
Related video: CapEx versus OpEx https://www.youtube.com/watch?v=na4jbAh_vkQ
Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
https://wn.com/Depreciation_Explained
What is depreciation? How to calculate depreciation? Depreciation, amortization and CapEx tutorial. Overview of depreciation accounting (concept and application), and related topics such as accumulated depreciation, book value, residual value, historical cost, fixed assets, amortization, useful life, capital expenditures (CapEx) and capitalization. Intended for students and business people at both entry and advanced levels.
⏱️TIMESTAMPS⏱️
0:00 Introduction
0:20 What is depreciation
1:22 Depreciation definition
2:50 Useful life of an asset
4:05 Accounting for depreciation
4:52 Depreciation journal entries
5:25 Historical cost of an asset
6:20 Straight-line depreciation vs other depreciation methods
7:26 Residual value of an asset
7:55 Depreciation vs amortization
Depreciation is the accounting process of allocating the cost of tangible assets to current expense in a systematic and rational manner in those periods expected to benefit from the use of the asset.
That last part of the sentence “in those periods expected to benefit from the use of the asset” is called the matching principle: expenses should be recorded during the period in which they are incurred.
Depreciation is often referred to as a non-cash expense. The cash was spent when we bought the asset, depreciation allocates the value of the asset over the years in which we use it.
As you can see from the journal entries in the video, depreciation is not about putting money aside for buying a new asset once the current one is at the end of its lifetime. Depreciation takes the amount you spent to buy the asset, and allocates a proportionate amount to each of the periods of its useful life. Hopefully the company that we are looking at generates very profitable products or services with the building, machine and truck that they are using, and the cash generated with selling these products and services can be used in the future to buy replacements for the assets that are at the end of their lifetime.
What can you include in the value of the asset on the balance sheet when you buy it? This depends on the accounting rules that your company applies, which in turn depends on the country where you are located and whether you are accounting for tax or statutory purposes, or for reporting to the stock market. Generally, what you pay for the asset to the supplier, as well as transportation and installation cost can be capitalized. Capitalization means recording things as fixed assets on your balance sheet.
It’s important to have consistency of method in the way you depreciate assets. A company could change from linear depreciation of its trucks to a depreciation based on units of production (which in the case of trucks would be mileage), if that presents a more fair and accurate representation of the value of the assets. However, you can’t be flipping back and forth between methods randomly every year, as that would adversely impact the year-over-year comparisons, and it would not come across as very systematic and rational per our definition earlier on.
What is the difference between depreciation and amortization? The concept is the same, but depreciation and amortization are applied to different types of assets. You depreciate a tangible asset, and amortize an intangible asset. The threshold levels (minimum total spend) and capitalization criteria for intangible assets tend to be a lot more stringent than those for tangible assets.
Related video: CapEx versus OpEx https://www.youtube.com/watch?v=na4jbAh_vkQ
Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
11:24
DEPRECIATION BASICS! With Journal Entries
- Order: Reorder
- Duration: 11:24
- Uploaded Date: 25 May 2020
- views: 324277
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop
In this video you'll learn how Depreciation works in Accounting. We'll work through a Straight Lin...
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop
In this video you'll learn how Depreciation works in Accounting. We'll work through a Straight Line Depreciation example and explore the Journal Entries that need to be posted. Others depreciation methods include...
▪ Straight Line Depreciation Method → https://youtu.be/iruD9KTNnNc
▪ Double-Declining Balance Method → https://youtu.be/M-VzJ51zZoM
▪ Sum of the Year's Digits Method → https://youtu.be/Q03t8vuRMwo
▪ Units of Production Method → https://youtu.be/QJk6DgML0BQ
This episode of Accounting Stuff is part of a mini-series on Depreciation in Accounting. You can find the link to the whole playlist here ⬇️
🔗Full Depreciation Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l324hTFoBXWq9T3tUY_LUrn2
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:29 - What is Depreciation?
01:09 - Why do we Depreciate?
01:11 - Accrual Method of Accounting
01:43 - Adjusting Entries Definition
02:03 - How does Depreciation work?
02:21 - Capitalization Definition
02:43 - Depreciation Methods
03:39 - Depreciation Schedule
04:01 - How to record Depreciation using Journal Entries
04:05 - Journal Entry Definition
04:11 - DEALER (Accounting Acronym)
04:43 - How to Capitalize an Asset
06:28 - How to Record a Depreciation Expense using Journal Entries
08:03 - Contra Asset Definition
10:36 - Clearing Journal Entry
🔝 CLOUD ACCOUNTING SOFTWARE
▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z
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▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
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🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
https://wn.com/Depreciation_Basics_With_Journal_Entries
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop
In this video you'll learn how Depreciation works in Accounting. We'll work through a Straight Line Depreciation example and explore the Journal Entries that need to be posted. Others depreciation methods include...
▪ Straight Line Depreciation Method → https://youtu.be/iruD9KTNnNc
▪ Double-Declining Balance Method → https://youtu.be/M-VzJ51zZoM
▪ Sum of the Year's Digits Method → https://youtu.be/Q03t8vuRMwo
▪ Units of Production Method → https://youtu.be/QJk6DgML0BQ
This episode of Accounting Stuff is part of a mini-series on Depreciation in Accounting. You can find the link to the whole playlist here ⬇️
🔗Full Depreciation Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l324hTFoBXWq9T3tUY_LUrn2
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:29 - What is Depreciation?
01:09 - Why do we Depreciate?
01:11 - Accrual Method of Accounting
01:43 - Adjusting Entries Definition
02:03 - How does Depreciation work?
02:21 - Capitalization Definition
02:43 - Depreciation Methods
03:39 - Depreciation Schedule
04:01 - How to record Depreciation using Journal Entries
04:05 - Journal Entry Definition
04:11 - DEALER (Accounting Acronym)
04:43 - How to Capitalize an Asset
06:28 - How to Record a Depreciation Expense using Journal Entries
08:03 - Contra Asset Definition
10:36 - Clearing Journal Entry
🔝 CLOUD ACCOUNTING SOFTWARE
▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z
▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa
▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
- published: 25 May 2020
- views: 324277
5:38
Depreciation | A-Level & IB Business
- Order: Reorder
- Duration: 5:38
- Uploaded Date: 01 May 2016
- views: 214698
Depreciation is the method by which the cost of a fall in value of fixed assets is recognised in the financial accounts of a business. This video explains the t...
Depreciation is the method by which the cost of a fall in value of fixed assets is recognised in the financial accounts of a business. This video explains the two main methods of calculating depreciation.
#alevelbusiness #businessrevision #aqabusiness #edexcelbusines #businessalevel
VIDEO CHAPTERS
00:00 Introduction
00:42 Simple example of depreciation
01:48 Main methods of depreciation
02:46 Worked example
https://wn.com/Depreciation_|_A_Level_Ib_Business
Depreciation is the method by which the cost of a fall in value of fixed assets is recognised in the financial accounts of a business. This video explains the two main methods of calculating depreciation.
#alevelbusiness #businessrevision #aqabusiness #edexcelbusines #businessalevel
VIDEO CHAPTERS
00:00 Introduction
00:42 Simple example of depreciation
01:48 Main methods of depreciation
02:46 Worked example
- published: 01 May 2016
- views: 214698
6:52
STRAIGHT LINE Method of Depreciation in 3 Steps!
- Order: Reorder
- Duration: 6:52
- Uploaded Date: 06 Apr 2020
- views: 233003
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop
In this video you'll learn how to use the Straight Line Depreciation Method in Accounting. This is...
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop
In this video you'll learn how to use the Straight Line Depreciation Method in Accounting. This is the simplest way to depreciate Tangible Fixed Assets. Others depreciation methods include...
▪ Straight Line Depreciation Method → https://youtu.be/iruD9KTNnNc
▪ Double-Declining Balance Method → https://youtu.be/M-VzJ51zZoM
▪ Sum of the Year's Digits Method → https://youtu.be/Q03t8vuRMwo
▪ Units of Production Method → https://youtu.be/QJk6DgML0BQ
You'll find out what depreciation means and how it applies to Non-Current Assets on a farm. Then we'll cover a full worked example where you'll learn how to apply the Straight Line Method in three simple steps. This episode of Accounting Stuff is part of a mini-series on Depreciation in Accounting. You can find the link to the whole playlist here ⬇️
🔗Full Depreciation Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l324hTFoBXWq9T3tUY_LUrn2
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:11 - What is Depreciation?
00:22 - What is Straight Line Depreciation?
00:35 - Example
01:20 - Step 1: Write Down What You Know
01:46 - Step 2: Build a Depreciation Schedule
02:34 - Step 3: Calculate the Depreciation Expense, Accumulated Depreciation & Book Values
03:13 - How to Calculate Straight Line Depreciation Expense
05:52 - Straight Line Depreciation Graph
🔝 CLOUD ACCOUNTING SOFTWARE
▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z
▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa
▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
https://wn.com/Straight_Line_Method_Of_Depreciation_In_3_Steps
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop
In this video you'll learn how to use the Straight Line Depreciation Method in Accounting. This is the simplest way to depreciate Tangible Fixed Assets. Others depreciation methods include...
▪ Straight Line Depreciation Method → https://youtu.be/iruD9KTNnNc
▪ Double-Declining Balance Method → https://youtu.be/M-VzJ51zZoM
▪ Sum of the Year's Digits Method → https://youtu.be/Q03t8vuRMwo
▪ Units of Production Method → https://youtu.be/QJk6DgML0BQ
You'll find out what depreciation means and how it applies to Non-Current Assets on a farm. Then we'll cover a full worked example where you'll learn how to apply the Straight Line Method in three simple steps. This episode of Accounting Stuff is part of a mini-series on Depreciation in Accounting. You can find the link to the whole playlist here ⬇️
🔗Full Depreciation Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l324hTFoBXWq9T3tUY_LUrn2
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:11 - What is Depreciation?
00:22 - What is Straight Line Depreciation?
00:35 - Example
01:20 - Step 1: Write Down What You Know
01:46 - Step 2: Build a Depreciation Schedule
02:34 - Step 3: Calculate the Depreciation Expense, Accumulated Depreciation & Book Values
03:13 - How to Calculate Straight Line Depreciation Expense
05:52 - Straight Line Depreciation Graph
🔝 CLOUD ACCOUNTING SOFTWARE
▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z
▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa
▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
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▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
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▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
- published: 06 Apr 2020
- views: 233003
52:31
#1 Depreciation - Concept - By Saheb Academy - Class 11 / B.COM / CA Foundation
- Order: Reorder
- Duration: 52:31
- Uploaded Date: 09 Sep 2022
- views: 96677
Here I have explained the concept of Depreciation in a simple way with 100% logic.
⏱TIMESTAMPS
00:00 - Intro
00:36 - Concept with Example
18:53 - Features of D...
Here I have explained the concept of Depreciation in a simple way with 100% logic.
⏱TIMESTAMPS
00:00 - Intro
00:36 - Concept with Example
18:53 - Features of Depreciation
24:57 - PPE Basics and Components of Cost
33:02 - Accounting Treatment of Depreciation
40:52 - With Accumulated Depreciation A/c
49:38 - Methods of Depreciation
50:16 - Second Hand Purchase of an Asset
Next: #2 Depreciation - SLM - Problem 1
https://youtu.be/lCsZfzUwQqk
Introduction to Accounting - Basics Concepts
https://youtu.be/xWKfKCnQqAE
PDF Notes (Telegram)
https://t.me/sahebacademy7
Clear your doubts by direct messaging us on Instagram
https://www.instagram.com/sahebacademy/
Please Like, Subscribe and Share this video on your social media account.
#accounting #class11 #cafoundation
https://wn.com/1_Depreciation_Concept_By_Saheb_Academy_Class_11_B.Com_Ca_Foundation
Here I have explained the concept of Depreciation in a simple way with 100% logic.
⏱TIMESTAMPS
00:00 - Intro
00:36 - Concept with Example
18:53 - Features of Depreciation
24:57 - PPE Basics and Components of Cost
33:02 - Accounting Treatment of Depreciation
40:52 - With Accumulated Depreciation A/c
49:38 - Methods of Depreciation
50:16 - Second Hand Purchase of an Asset
Next: #2 Depreciation - SLM - Problem 1
https://youtu.be/lCsZfzUwQqk
Introduction to Accounting - Basics Concepts
https://youtu.be/xWKfKCnQqAE
PDF Notes (Telegram)
https://t.me/sahebacademy7
Clear your doubts by direct messaging us on Instagram
https://www.instagram.com/sahebacademy/
Please Like, Subscribe and Share this video on your social media account.
#accounting #class11 #cafoundation
- published: 09 Sep 2022
- views: 96677
3:48
Amortization and depreciation | Finance & Capital Markets | Khan Academy
- Order: Reorder
- Duration: 3:48
- Uploaded Date: 01 Apr 2011
- views: 336678
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/...
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/depreciation-amortization-tut/v/amortization-and-depreciation
Comparing depreciation and amortization. Created by Sal Khan.
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/depreciation-amortization-tut/v/depreciation-in-cash-flow?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: How do you account for things that get "used up" or a cost that should be spread over time. This tutorial has your answer. Depreciation and amortization might sound fancy, but you'll hopefully find them to be quite understandable.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Amortization_And_Depreciation_|_Finance_Capital_Markets_|_Khan_Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/depreciation-amortization-tut/v/amortization-and-depreciation
Comparing depreciation and amortization. Created by Sal Khan.
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/depreciation-amortization-tut/v/depreciation-in-cash-flow?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: How do you account for things that get "used up" or a cost that should be spread over time. This tutorial has your answer. Depreciation and amortization might sound fancy, but you'll hopefully find them to be quite understandable.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1
Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
- published: 01 Apr 2011
- views: 336678
1:19
Depreciating Assets Explained in One Minute
- Order: Reorder
- Duration: 1:19
- Uploaded Date: 17 Sep 2016
- views: 53522
Depreciating assets are assets about which you can be pretty much certain they'll lose value: electronics, furniture, you name it.
While depreciating assets ar...
Depreciating assets are assets about which you can be pretty much certain they'll lose value: electronics, furniture, you name it.
While depreciating assets are obviously "better" to have than liabilities, your goal should definitely be aquiring investment grade assets (real estate, stocks, digital assets and so on) rather than depreciating ones.
Remember: you BUY depreciating assets, you don't INVEST in them.
Please like, comment and subscribe if you've enjoyed the video.
To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.
Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated!
Oh and I've also started playing around with Patreon, my link is:
https://www.patreon.com/oneminuteeconomics
Interested in reading a good book?
My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:
Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK
Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942
iBooks (Apple) - https://itun.es/us/wYSveb.l
Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0
My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS
Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970
iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265
Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty
Last but not least, if you'd like to follow me on social media, use one of the links below:
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https://ro.linkedin.com/in/andrei-polgar-9a11a561
https://wn.com/Depreciating_Assets_Explained_In_One_Minute
Depreciating assets are assets about which you can be pretty much certain they'll lose value: electronics, furniture, you name it.
While depreciating assets are obviously "better" to have than liabilities, your goal should definitely be aquiring investment grade assets (real estate, stocks, digital assets and so on) rather than depreciating ones.
Remember: you BUY depreciating assets, you don't INVEST in them.
Please like, comment and subscribe if you've enjoyed the video.
To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.
Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated!
Oh and I've also started playing around with Patreon, my link is:
https://www.patreon.com/oneminuteeconomics
Interested in reading a good book?
My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:
Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK
Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942
iBooks (Apple) - https://itun.es/us/wYSveb.l
Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0
My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS
Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970
iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265
Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty
Last but not least, if you'd like to follow me on social media, use one of the links below:
https://www.facebook.com/oneminuteeconomics
https://twitter.com/andreipolgar
https://ro.linkedin.com/in/andrei-polgar-9a11a561
- published: 17 Sep 2016
- views: 53522
0:59
Depreciation of a Car Value
- Order: Reorder
- Duration: 0:59
- Uploaded Date: 14 May 2023
- views: 153971
- published: 14 May 2023
- views: 153971
2:35
How to calculate Depreciation | Straight Line Method Depreciation
- Order: Reorder
- Duration: 2:35
- Uploaded Date: 15 Oct 2020
- views: 155011
In this video you will learn how to calculate depreciation using the straight line method.
Tutorial on calculating depreciation using the reducing/diminishing ...
In this video you will learn how to calculate depreciation using the straight line method.
Tutorial on calculating depreciation using the reducing/diminishing balance method:
https://youtu.be/fH-18f0Q0sw
" For the wages of sin is death, but the gift of God is
eternal life in Christ Jesus our Lord."
- Romans 6:23
"For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life."
- John 3:16
https://wn.com/How_To_Calculate_Depreciation_|_Straight_Line_Method_Depreciation
In this video you will learn how to calculate depreciation using the straight line method.
Tutorial on calculating depreciation using the reducing/diminishing balance method:
https://youtu.be/fH-18f0Q0sw
" For the wages of sin is death, but the gift of God is
eternal life in Christ Jesus our Lord."
- Romans 6:23
"For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life."
- John 3:16
- published: 15 Oct 2020
- views: 155011
7:37
FA 36 - Straight-Line Depreciation Example
- Order: Reorder
- Duration: 7:37
- Uploaded Date: 26 Aug 2019
- views: 42014
Go to: http://www.accountingworkbook.com/ to download the problems.
If you'd like to become a member an gain access to over 100 "Members Only" tutorial videos ...
Go to: http://www.accountingworkbook.com/ to download the problems.
If you'd like to become a member an gain access to over 100 "Members Only" tutorial videos found on http://www.accountingworkbook.com/ - click the join button or click this link: https://www.youtube.com/channel/UCNFClg6mzfZ5ixpuH9c7f1A/join
Module 8 examines the depreciation of capital assets. We learn to compute straight-line, units of production, and double declining balance depreciation. We also learn to sell assets at a gain or loss.
https://wn.com/Fa_36_Straight_Line_Depreciation_Example
Go to: http://www.accountingworkbook.com/ to download the problems.
If you'd like to become a member an gain access to over 100 "Members Only" tutorial videos found on http://www.accountingworkbook.com/ - click the join button or click this link: https://www.youtube.com/channel/UCNFClg6mzfZ5ixpuH9c7f1A/join
Module 8 examines the depreciation of capital assets. We learn to compute straight-line, units of production, and double declining balance depreciation. We also learn to sell assets at a gain or loss.
- published: 26 Aug 2019
- views: 42014
8:37
Depreciation explained
What is depreciation? How to calculate depreciation? Depreciation, amortization and CapEx ...
published: 11 Aug 2016
Depreciation explained
Depreciation explained
- Report rights infringement
- published: 11 Aug 2016
- views: 254961
What is depreciation? How to calculate depreciation? Depreciation, amortization and CapEx tutorial. Overview of depreciation accounting (concept and application), and related topics such as accumulated depreciation, book value, residual value, historical cost, fixed assets, amortization, useful life, capital expenditures (CapEx) and capitalization. Intended for students and business people at both entry and advanced levels.
⏱️TIMESTAMPS⏱️
0:00 Introduction
0:20 What is depreciation
1:22 Depreciation definition
2:50 Useful life of an asset
4:05 Accounting for depreciation
4:52 Depreciation journal entries
5:25 Historical cost of an asset
6:20 Straight-line depreciation vs other depreciation methods
7:26 Residual value of an asset
7:55 Depreciation vs amortization
Depreciation is the accounting process of allocating the cost of tangible assets to current expense in a systematic and rational manner in those periods expected to benefit from the use of the asset.
That last part of the sentence “in those periods expected to benefit from the use of the asset” is called the matching principle: expenses should be recorded during the period in which they are incurred.
Depreciation is often referred to as a non-cash expense. The cash was spent when we bought the asset, depreciation allocates the value of the asset over the years in which we use it.
As you can see from the journal entries in the video, depreciation is not about putting money aside for buying a new asset once the current one is at the end of its lifetime. Depreciation takes the amount you spent to buy the asset, and allocates a proportionate amount to each of the periods of its useful life. Hopefully the company that we are looking at generates very profitable products or services with the building, machine and truck that they are using, and the cash generated with selling these products and services can be used in the future to buy replacements for the assets that are at the end of their lifetime.
What can you include in the value of the asset on the balance sheet when you buy it? This depends on the accounting rules that your company applies, which in turn depends on the country where you are located and whether you are accounting for tax or statutory purposes, or for reporting to the stock market. Generally, what you pay for the asset to the supplier, as well as transportation and installation cost can be capitalized. Capitalization means recording things as fixed assets on your balance sheet.
It’s important to have consistency of method in the way you depreciate assets. A company could change from linear depreciation of its trucks to a depreciation based on units of production (which in the case of trucks would be mileage), if that presents a more fair and accurate representation of the value of the assets. However, you can’t be flipping back and forth between methods randomly every year, as that would adversely impact the year-over-year comparisons, and it would not come across as very systematic and rational per our definition earlier on.
What is the difference between depreciation and amortization? The concept is the same, but depreciation and amortization are applied to different types of assets. You depreciate a tangible asset, and amortize an intangible asset. The threshold levels (minimum total spend) and capitalization criteria for intangible assets tend to be a lot more stringent than those for tangible assets.
Related video: CapEx versus OpEx https://www.youtube.com/watch?v=na4jbAh_vkQ
Philip de Vroe (The Finance Storyteller) aims to make strategy, finance and leadership enjoyable and easier to understand. Learn the business vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better stock market investment decisions. Philip delivers training in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
11:24
DEPRECIATION BASICS! With Journal Entries
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop
In this video you'll learn h...
published: 25 May 2020
DEPRECIATION BASICS! With Journal Entries
DEPRECIATION BASICS! With Journal Entries
- Report rights infringement
- published: 25 May 2020
- views: 324277
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop
In this video you'll learn how Depreciation works in Accounting. We'll work through a Straight Line Depreciation example and explore the Journal Entries that need to be posted. Others depreciation methods include...
▪ Straight Line Depreciation Method → https://youtu.be/iruD9KTNnNc
▪ Double-Declining Balance Method → https://youtu.be/M-VzJ51zZoM
▪ Sum of the Year's Digits Method → https://youtu.be/Q03t8vuRMwo
▪ Units of Production Method → https://youtu.be/QJk6DgML0BQ
This episode of Accounting Stuff is part of a mini-series on Depreciation in Accounting. You can find the link to the whole playlist here ⬇️
🔗Full Depreciation Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l324hTFoBXWq9T3tUY_LUrn2
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:29 - What is Depreciation?
01:09 - Why do we Depreciate?
01:11 - Accrual Method of Accounting
01:43 - Adjusting Entries Definition
02:03 - How does Depreciation work?
02:21 - Capitalization Definition
02:43 - Depreciation Methods
03:39 - Depreciation Schedule
04:01 - How to record Depreciation using Journal Entries
04:05 - Journal Entry Definition
04:11 - DEALER (Accounting Acronym)
04:43 - How to Capitalize an Asset
06:28 - How to Record a Depreciation Expense using Journal Entries
08:03 - Contra Asset Definition
10:36 - Clearing Journal Entry
🔝 CLOUD ACCOUNTING SOFTWARE
▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z
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▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
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🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
5:38
Depreciation | A-Level & IB Business
Depreciation is the method by which the cost of a fall in value of fixed assets is recogni...
published: 01 May 2016
Depreciation | A-Level & IB Business
Depreciation | A-Level & IB Business
- Report rights infringement
- published: 01 May 2016
- views: 214698
Depreciation is the method by which the cost of a fall in value of fixed assets is recognised in the financial accounts of a business. This video explains the two main methods of calculating depreciation.
#alevelbusiness #businessrevision #aqabusiness #edexcelbusines #businessalevel
VIDEO CHAPTERS
00:00 Introduction
00:42 Simple example of depreciation
01:48 Main methods of depreciation
02:46 Worked example
6:52
STRAIGHT LINE Method of Depreciation in 3 Steps!
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop
In this video you'll learn h...
published: 06 Apr 2020
STRAIGHT LINE Method of Depreciation in 3 Steps!
STRAIGHT LINE Method of Depreciation in 3 Steps!
- Report rights infringement
- published: 06 Apr 2020
- views: 233003
💥Depreciation Cheat Sheet → https://accountingstuff.com/shop
In this video you'll learn how to use the Straight Line Depreciation Method in Accounting. This is the simplest way to depreciate Tangible Fixed Assets. Others depreciation methods include...
▪ Straight Line Depreciation Method → https://youtu.be/iruD9KTNnNc
▪ Double-Declining Balance Method → https://youtu.be/M-VzJ51zZoM
▪ Sum of the Year's Digits Method → https://youtu.be/Q03t8vuRMwo
▪ Units of Production Method → https://youtu.be/QJk6DgML0BQ
You'll find out what depreciation means and how it applies to Non-Current Assets on a farm. Then we'll cover a full worked example where you'll learn how to apply the Straight Line Method in three simple steps. This episode of Accounting Stuff is part of a mini-series on Depreciation in Accounting. You can find the link to the whole playlist here ⬇️
🔗Full Depreciation Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l324hTFoBXWq9T3tUY_LUrn2
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:11 - What is Depreciation?
00:22 - What is Straight Line Depreciation?
00:35 - Example
01:20 - Step 1: Write Down What You Know
01:46 - Step 2: Build a Depreciation Schedule
02:34 - Step 3: Calculate the Depreciation Expense, Accumulated Depreciation & Book Values
03:13 - How to Calculate Straight Line Depreciation Expense
05:52 - Straight Line Depreciation Graph
🔝 CLOUD ACCOUNTING SOFTWARE
▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z
▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa
▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
52:31
#1 Depreciation - Concept - By Saheb Academy - Class 11 / B.COM / CA Foundation
Here I have explained the concept of Depreciation in a simple way with 100% logic.
⏱TIMES...
published: 09 Sep 2022
#1 Depreciation - Concept - By Saheb Academy - Class 11 / B.COM / CA Foundation
#1 Depreciation - Concept - By Saheb Academy - Class 11 / B.COM / CA Foundation
- Report rights infringement
- published: 09 Sep 2022
- views: 96677
Here I have explained the concept of Depreciation in a simple way with 100% logic.
⏱TIMESTAMPS
00:00 - Intro
00:36 - Concept with Example
18:53 - Features of Depreciation
24:57 - PPE Basics and Components of Cost
33:02 - Accounting Treatment of Depreciation
40:52 - With Accumulated Depreciation A/c
49:38 - Methods of Depreciation
50:16 - Second Hand Purchase of an Asset
Next: #2 Depreciation - SLM - Problem 1
https://youtu.be/lCsZfzUwQqk
Introduction to Accounting - Basics Concepts
https://youtu.be/xWKfKCnQqAE
PDF Notes (Telegram)
https://t.me/sahebacademy7
Clear your doubts by direct messaging us on Instagram
https://www.instagram.com/sahebacademy/
Please Like, Subscribe and Share this video on your social media account.
#accounting #class11 #cafoundation
3:48
Amortization and depreciation | Finance & Capital Markets | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—no...
published: 01 Apr 2011
Amortization and depreciation | Finance & Capital Markets | Khan Academy
Amortization and depreciation | Finance & Capital Markets | Khan Academy
- Report rights infringement
- published: 01 Apr 2011
- views: 336678
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/depreciation-amortization-tut/v/amortization-and-depreciation
Comparing depreciation and amortization. Created by Sal Khan.
Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/accounting-and-financial-stateme/depreciation-amortization-tut/v/depreciation-in-cash-flow?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets
Finance and capital markets on Khan Academy: How do you account for things that get "used up" or a cost that should be spread over time. This tutorial has your answer. Depreciation and amortization might sound fancy, but you'll hopefully find them to be quite understandable.
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1:19
Depreciating Assets Explained in One Minute
Depreciating assets are assets about which you can be pretty much certain they'll lose val...
published: 17 Sep 2016
Depreciating Assets Explained in One Minute
Depreciating Assets Explained in One Minute
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- published: 17 Sep 2016
- views: 53522
Depreciating assets are assets about which you can be pretty much certain they'll lose value: electronics, furniture, you name it.
While depreciating assets are obviously "better" to have than liabilities, your goal should definitely be aquiring investment grade assets (real estate, stocks, digital assets and so on) rather than depreciating ones.
Remember: you BUY depreciating assets, you don't INVEST in them.
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0:59
Depreciation of a Car Value
published: 14 May 2023
Depreciation of a Car Value
Depreciation of a Car Value
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- published: 14 May 2023
- views: 153971
2:35
How to calculate Depreciation | Straight Line Method Depreciation
In this video you will learn how to calculate depreciation using the straight line method....
published: 15 Oct 2020
How to calculate Depreciation | Straight Line Method Depreciation
How to calculate Depreciation | Straight Line Method Depreciation
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- published: 15 Oct 2020
- views: 155011
In this video you will learn how to calculate depreciation using the straight line method.
Tutorial on calculating depreciation using the reducing/diminishing balance method:
https://youtu.be/fH-18f0Q0sw
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eternal life in Christ Jesus our Lord."
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7:37
FA 36 - Straight-Line Depreciation Example
Go to: http://www.accountingworkbook.com/ to download the problems.
If you'd like to beco...
published: 26 Aug 2019
FA 36 - Straight-Line Depreciation Example
FA 36 - Straight-Line Depreciation Example
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- published: 26 Aug 2019
- views: 42014
Go to: http://www.accountingworkbook.com/ to download the problems.
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Module 8 examines the depreciation of capital assets. We learn to compute straight-line, units of production, and double declining balance depreciation. We also learn to sell assets at a gain or loss.
Depreciation
In accountancy, depreciation refers to two aspects of the same concept:
A method of reallocating the cost of a tangible asset over its useful life span of it being in motion. Businesses depreciate long-term assets for both tax and accounting purposes. The former affects the balance sheet of a business or entity, and the latter affects the net income that they report. Generally the cost is allocated, as depreciation expense, among the periods in which the asset is expected to be used. This expense is recognized by businesses for financial reporting and tax purposes. Methods of computing depreciation, and the periods over which assets are depreciated, may vary between asset types within the same business and may vary for tax purposes. These may be specified by law or accounting standards, which may vary by country. There are several standard methods of computing depreciation expense, including fixed percentage, straight line, and declining balance methods. Depreciation expense generally begins when the asset is placed in service. For example, a depreciation expense of 100 per year for five years may be recognized for an asset costing 500.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Depreciation
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