Financial Accounting Nine: Calculating Depreciation And Fixed Assets Transactions

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This course is designed for those interested in learning the basics of depreciation methods such as straight line, double declining balance, and units of production depreciation which will help you determine and estimate the calculation of depreciation of fixed assets and how best to account for them.

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About This CourseBeginner

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

Course Sections

Depreciation Methods And Accounting For Fixed Assets Overview

Property Plant And Equipment

Lump Sum Purchase Overview

Property Plant And Equipment Lump Sum Purchase

Worksheet – Lump Sum Purchase

Discussion Question

Straight Line Method Of Depreciation Overview

Calculating Straight Line Depreciation

Straight Line Depreciation Example – Part One

Straight Line Depreciation Example – Part Two

Multiple Choice Question – Property Plant And Equipment

Discussion Question

Double Declining Balance Method Of Depreciation Overview

Calculating Depreciation Double Declining Balance

Double Declining Depreciation Example – Part One

Double Declining Depreciation Example – Part Two

Double Declining Depreciation Example – Part Three

Multiple Choice Question – Property Plant And Equipment

Discussion Question

Units Of Production Depreciation Method Overview

Calculating Depreciation Units Of Production

Depreciation Units Of Production – Part One

Depreciation Units Of Production – Part Two

Multiple Choice Question – Property Plant And Equipment

Discussion Question

Calculating Depreciation For A Partial Period Overview

Partial Year Depreciation – Part One

Partial Year Depreciation – Part Two

Multiple Choice Question – Property Plant And Equipment

Capital Expenditures And Revenue Expenditures Overview

Capital And Revenue Expenditures

Multiple Choice Question – Property Plant And Equipment

Test Questions Part One – Depreciation And Fixed Assets

Discussion Question

Changes In Accounting Estimates Overview

Change In Estimates

Depreciation Change Of Estimate

Multiple Choice Question – Property Plant And Equipment

Test Questions Part Two – Depreciation And Fixed Assets

Discussion Question

Disposals Of Property Plant And Equipment Overview

Disposals – Fully Depreciated No Cash Received

Worksheet – Disposal Fully Depreciated No Cash Received

Disposal – Fully Depreciated And Cash Received

Worksheet – Disposals Fully Depreciated Cash Received

Disposal – Not Fully Depreciated

Worksheet – Disposal Not Fully Depreciated No Cash

Disposal – Not Fully Depreciated And Cash Received

Worksheet – Disposal Not Fully Depreciated Cash Received

Multiple Choice Question – Property Plant And Equipment

Test Questions Part Three – Depreciation And Fixed Assets

Discussion Question

Accelerated Depreciation Method

Betterments

Book Value

Change In Accounting Estimate

Declining Balance Method

Depreciation

Intangible Assets

Lease

Leasehold

Leasehold Improvements

Lessee

Lessor

Limited Life

Ordinary Repairs

Plant Assets

Salvage Value

Straight-Line Depreciation

Units Of Production Depreciation

Useful Life

Comprehensive Problem Overview

Comprehensive Problem Service Company – Part One

Comprehensive Problem Service Company – Part Two

Comprehensive Problem Service Company – Part Three

Comprehensive Problem Service Company – Part Four

Comprehensive Problem Service Company Adjusting Entries – Part Five

Comprehensive Problem Service Company Adjusting Entries – Part Six

Comprehensive Problem Service Company Financial Statements – Part Seven

Comprehensive Problem Service Company Financial Statements – Part Eight

Comprehensive Problem Service Company Closing Process – Part Nine

Comprehensive Problem Service Company Closing Process – Part Ten

Downloadable Materials – Calculating Depreciation and Fixed Assets Transactions

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