Homework Problems Solved: Depreciation

In this video, we’ll review how to calculate depreciation expense, accumulated depreciation, and book value using the following methods; Straight-Line, Double-Declining Balance, Sum of the Years’ Digits, and Units of Production (also known as Units of Activity). Additionally, you’ll see how to calculate partial and full year depreciation for each method. Sum of the Years’ Digits is sometimes taught in your first accounting class…you can skip Sum of the Years’ Digits method if you’re not required to learn it for your class. See the image below for the examples covered in this video.

Video length in minutes: 25:59

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Test Questions Answered: Depreciation

In these videos, we’ll cover the different ways you’ll be tested on Depreciation. We’ll look at Straight Line Depreciation, Double Declining Balance Depreciation, and Units of Activity Depreciation (aka Units of Production Depreciation). You’ll see exactly how I answer these questions and the systematic approach you can use to master these test prep questions.

43 questions.

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Test Your Skills: Depreciation

Depreciation can be a tricky subject as there are many questions that can be asked relating to it. To make it even more complicated, there are at least three types of deprecation you’ll learn in your first accounting class (Straight Line, Double Declining Balance, and Units of Activity (aka Units of Production). The best way to learn these methods is to practice them. Test your understanding of Depreciation with these test questions. These questions are designed to help you learn the details behind calculating Depreciation, but also to show you how Depreciation concepts are tested using multiple choice questions.

43 Questions

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