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

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⏱️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

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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

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▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
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Видео STRAIGHT LINE Method of Depreciation in 3 Steps! канала Accounting Stuff