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

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⏱️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

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▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
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Видео DEPRECIATION BASICS! With Journal Entries канала Accounting Stuff