An In-Depth Guide to Depreciation in Accounting
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In this video, I’ll walk you through everything you need to know about Depreciation. We'll cover the basic concept (including the Journal Entries) and these four commonly used Depreciation methods:
▪ Straight Line Depreciation Method
▪ Double-Declining Balance Method
▪ Sum of the Year’s Digits Method
▪ Units of Production Method
Whether you're a student, a small business owner or an accountant, this guide has got you covered!
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⏱️TIMESTAMPS
00:00 - Intro
00:35 - What is Depreciation?
11:24 - Straight Line Depreciation Method
17:58 - Double-Declining Balance Method
23:19 - Sum of the Year's Digits Method
31:03 - Units of Production Method
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