About This Course

This course will cover plant assets, fixed assets, and depreciable assets. It will also discuss what property plant and equipment is as well as how to record it. This course also includes multiple depreciation methods. Pros and cons of each depreciation method will be discussed.

This course aids in calculating accumulated depreciation and book value. We will also calculate accumulated depreciation and book value. It’s critical to remember the context we are in when calculating depreciation and the reason behind it. 

We will discuss depreciation methods like the straight-line method of depreciation which is the simplest method to calculate and the one which all other methods are based off, then the double-declining depreciation method which is an accelerated method. It is designed to depreciate more in earlier years than in later years, then the units of production depreciation method utilizes units produced rather than time as the derivation of cost allocation.

We will also discuss the journal entries for property plant and equipment beginning with the most straightforward transaction and building up from there and we will include changes in accounting estimations for the calculation of depreciation and the best way to account for them.

Who this course is for:

  • Accounting students
  • Business owner
  • Business professionals
  • Anyone who wants to learn accounting

Our Promise to You

By the end of this course, you will have learned various depreciation methods that tells the value of fixed assets.

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Get started today and learn more about calculating depreciation and the value of fixed assets for transactions.

Course Curriculum

Section 1 - Introduction
Depreciation Methods And Accounting For Fixed Assets Overview 00:00:00
Property Plant And Equipment 00:00:00
Section 2 - Lump Sum Purchase
Lump Sum Purchase Overview 00:00:00
Property Plant And Equipment Lump Sum Purchase 00:00:00
Worksheet – Lump Sum Purchase 00:00:00
Discussion Question 00:00:00
Section 3 - Straight Line Method Of Depreciation
Straight Line Method Of Depreciation Overview 00:00:00
Calculating Straight Line Depreciation 00:00:00
Straight Line Depreciation Example – Part One 00:00:00
Straight Line Depreciation Example – Part Two 00:00:00
Multiple Choice Question – Property Plant And Equipment 00:00:00
Discussion Question 00:00:00
Section 4 - Double Declining Balance Method Of Depreciation
Double Declining Balance Method Of Depreciation Overview 00:00:00
Calculating Depreciation Double Declining Balance 00:00:00
Double Declining Depreciation Example – Part One 00:00:00
Double Declining Depreciation Example – Part Two 00:00:00
Double Declining Depreciation Example – Part Three 00:00:00
Multiple Choice Question – Property Plant And Equipment 00:00:00
Discussion Question 00:00:00
Section 5 - Units Of Production Depreciation Method
Units Of Production Depreciation Method Overview 00:00:00
Calculating Depreciation Units Of Production 00:00:00
Depreciation Units Of Production – Part One 00:00:00
Depreciation Units Of Production – Part Two 00:00:00
Multiple Choice Question – Property Plant And Equipment 00:00:00
Discussion Question 00:00:00
Section 6 - Calculating Depreciation For A Partial Period
Calculating Depreciation For A Partial Period Overview 00:00:00
Partial Year Depreciation – Part One 00:00:00
Partial Year Depreciation – Part Two 00:00:00
Multiple Choice Question – Property Plant And Equipment 00:00:00
Section 7 - Capital Expenditures And Revenue Expenditures
Capital Expenditures And Revenue Expenditures Overview 00:00:00
Capital And Revenue Expenditures 00:00:00
Multiple Choice Question – Property Plant And Equipment 00:00:00
Test Questions Part One – Depreciation And Fixed Assets 00:00:00
Discussion Question 00:00:00
Section 8 - Changes In Accounting Estimates
Changes In Accounting Estimates Overview 00:00:00
Change In Estimates 00:00:00
Depreciation Change Of Estimate 00:00:00
Multiple Choice Question – Property Plant And Equipment 00:00:00
Test Questions Part Two – Depreciation And Fixed Assets 00:00:00
Discussion Question 00:00:00
Section 9 - Disposals Of Property Plant And Equipment
Disposals Of Property Plant And Equipment Overview 00:00:00
Disposals – Fully Depreciated No Cash Received 00:00:00
Worksheet – Disposal Fully Depreciated No Cash Received 00:00:00
Disposal – Fully Depreciated And Cash Received 00:00:00
Worksheet – Disposals Fully Depreciated Cash Received 00:00:00
Disposal – Not Fully Depreciated 00:00:00
Worksheet – Disposal Not Fully Depreciated No Cash 00:00:00
Disposal – Not Fully Depreciated And Cash Received 00:00:00
Worksheet – Disposal Not Fully Depreciated Cash Received 00:00:00
Multiple Choice Question – Property Plant And Equipment 00:00:00
Test Questions Part Three – Depreciation And Fixed Assets 00:00:00
Discussion Question 00:00:00
Section 10 - Definitions And Key Terms
Accelerated Depreciation Method 00:00:00
Betterments 00:00:00
Book Value 00:00:00
Change In Accounting Estimate 00:00:00
Declining Balance Method 00:00:00
Depreciation 00:00:00
Intangible Assets 00:00:00
Lease 00:00:00
Leasehold 00:00:00
Leasehold Improvements 00:00:00
Lessee 00:00:00
Lessor 00:00:00
Limited Life 00:00:00
Ordinary Repairs 00:00:00
Plant Assets 00:00:00
Salvage Value 00:00:00
Straight-Line Depreciation 00:00:00
Units Of Production Depreciation 00:00:00
Useful Life 00:00:00
Section 11 - Comprehensive Problem
Comprehensive Problem Overview 00:00:00
Comprehensive Problem Service Company – Part One 00:00:00
Comprehensive Problem Service Company – Part Two 00:00:00
Comprehensive Problem Service Company – Part Three 00:00:00
Comprehensive Problem Service Company – Part Four 00:00:00
Comprehensive Problem Service Company Adjusting Entries – Part Five 00:00:00
Comprehensive Problem Service Company Adjusting Entries – Part Six 00:00:00
Comprehensive Problem Service Company Financial Statements – Part Seven 00:00:00
Comprehensive Problem Service Company Financial Statements – Part Eight 00:00:00
Comprehensive Problem Service Company Closing Process – Part Nine 00:00:00
Comprehensive Problem Service Company Closing Process – Part Ten 00:00:00
Downloadable Materials – Calculating Depreciation and Fixed Assets Transactions 00:00:00
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