Financial Accounting-Depreciation Calculation & Fixed Assets

Explore accounting for a lump sum purchase of property, plant, and equipment, breaking out building and land from one price, with step-by-step calculations using a pre-formatted Excel worksheet and presentation.

Access a downloadable pedia file that supplements the instructional video for the lump sum purchase topic within financial accounting, depreciation calculation and fixed assets.

Explore lump sum purchases in property, plant, and equipment, and learn to allocate cost between land, improvements, and building using appraisal ratios for depreciation and tax goals.

Preview an Excel worksheet download that helps you practice depreciation calculations and fixed asset accounting, reinforcing key concepts in financial accounting.

Allocate a lump sum purchase of 110,000 to land, improvements, and building using appraisal-based ratios, and apply Excel formulas to distribute costs accurately.

Explore depreciation calculation and fixed asset concepts with a concise, engaging break that pairs financial accounting topics with a light, quick comic interlude.

apply the straight line method of depreciation to property, plant, and equipment, learn how to allocate cost, and practice calculations using a pre-formatted Excel file with instructional videos and Ixo.

Download a pedia file to supplement the instructional video on calculating straight-line depreciation for fixed assets.

Download an Excel worksheet from the next presentation to practice depreciation calculation for fixed assets.

Explore depreciation across straight line method, double declining method, and units of production method using a single equipment example, calculating depreciation, book value, and journal entries over four years.

Demonstrate adjusting entries for depreciation by debiting depreciation expense and crediting accumulated depreciation, updating the equipment's book value and the trial balance while linking to salvage value.

Identify property, plant and equipment as long-term tangible assets used in operations, capitalized at purchase rather than expensed, and analyze salvage value and depreciation effects on book value.

Take a quick comic break while exploring foundational concepts in financial accounting, focusing on depreciation calculation and fixed assets.

Explore the double declining balance method for depreciation of property, plant, and equipment, with step-by-step excel calculations, accelerated depreciation, pre-formatted worksheets, and instructional videos for practice.

Learn double declining balance depreciation calculations with a downloadable pedia file that supplements the instructional video on fixed assets.

Learn to calculate depreciation using the double declining balance method, prepare depreciation journal entries, and analyze effects on asset book value, accumulated depreciation, equity, and net income.

Access a downloadable Excel worksheet in the next presentation to support depreciation calculation and fixed assets in financial accounting.

Compare double declining and straight-line depreciation over a four-year life with salvage value, calculating depreciation and showing journal entries and effects on net income and assets.

Calculate double-declining depreciation for each year using a 50% rate, compare year 1 and year 2 depreciation, determine book value, and explain related journal entries and impact on net income.

Explore the double declining balance method across years, calculating depreciation, book value, and accumulated depreciation, including salvage value adjustments and final-year plug calculations.

Analyze property plant and equipment depreciation by allocating cost over the useful life, clarifying market value versus allocated cost, and noting that appraisal value is not included in depreciation calculations.

Take a quick comic break while reviewing depreciation calculation and fixed assets in financial accounting.

Master the units of production depreciation method to calculate depreciation for property, plant, and equipment using step-by-step instructional videos, plus an Excel workbook with example and problem tabs.

Access a downloadable pdf file that supplements the instructional video on calculating depreciation using units of production, reinforcing concepts from the course on fixed assets.

Calculate depreciation using the units of production method and record the adjusting journal entry for depreciation, showing effects on assets, equity, and net income, with salvage value considerations.

Explore how to download an Excel worksheet in the next presentation to support depreciation calculations for fixed assets in financial accounting.

Analyze the units of production depreciation method by calculating depreciation per unit from cost and salvage value, apply to yearly units produced, update book value and journal entries.

Examine the units-of-production depreciation method across year 2 to year 4, including journal entries for depreciation, accumulated depreciation, and effects on book value and net income.

Explore how different depreciation methods, including straight line, declining balance, and units of production, impact depreciation expense, accumulated depreciation, and book value, with notes on revisions and disclosure.

Take a quick comic break while introducing depreciation calculation and fixed assets in financial accounting.

Learn how to calculate depreciation for a partial period—partial year or partial month—using clear methods and Excel worksheets with pre-formatted working and answer tabs for step-by-step practice.

Download the pedia file to supplement the instructional video on depreciation for a partial year in fixed assets.

Explore partial year depreciation using straight-line calculations for a $10,000 asset with $1,000 salvage and a 3-year life, including month-based prorating and book value progression.

Download an Excel worksheet from the upcoming presentation to practice depreciation calculations for fixed assets.

Calculate partial year depreciation using the straight-line method with a 10,000 cost, 1,000 salvage, and 3-year life, including three-month first year and nine-month last year adjustments.

Analyze property plant and equipment classifications and depreciation concepts through multiple-choice questions, clarifying current assets, tangible assets, depreciation estimates, and book value versus cost.

Enjoy a quick comic break while exploring depreciation calculation and fixed assets in financial accounting.

Analyze capital expenditures versus revenue expenditures for property, plant, and equipment. Decide when to capitalize and depreciate versus expense maintenance to the income statement, based on specific circumstances.

Access a downloadable pedia file to supplement the instructional video. Explore capital and revenue expenditures within financial accounting.

Distinguish capital expenditures from revenue expenditures using a forklift example, and learn how capitalization affects balance sheet vs income statement and depreciation over useful life.

Apply straight-line depreciation using cost minus salvage value divided by useful life, explore land improvements and their depreciation, and identify patent as not property, plant and equipment.

Learn straight-line depreciation and units-of-production methods using practical examples: compute cost minus salvage value, annual depreciation, and related journal entries.

Enjoy a quick comic break while exploring depreciation calculation and fixed assets in financial accounting, presented with concise, engaging visuals to reinforce core concepts.

Explore how changes in accounting estimates affect depreciation for property, plant and equipment, and learn to account for them using Excel templates and instructional videos with answer and working tabs.

Download a pedia file to supplement the instructional video. Access the next presentation as a resource for change in estimates.

explain change in estimates for depreciation, revise salvage value and useful life, and recalculate depreciation from the current book value going forward, without retroactive restatement of prior periods.

Download the excel worksheet featured in the next presentation to practice depreciation calculations for fixed assets in financial accounting.

This lecture demonstrates handling a depreciation change of estimate using straight-line method, updating salvage value and remaining useful life from year 3 forward and preserving prior years.

Explore depreciation methods for property, plant, and equipment—straight-line, declining balance, units of production, and MACRS—covering book value, annual depreciation, and asset disposal options.

Explore short calculation problems on depreciation using straight-line and double declining methods, including adjusting salvage value estimates mid-useful life and computing depreciation and book value.

Explore depreciation calculation and fixed asset accounting in financial accounting, with a quick comic break to reinforce key concepts and practical budgeting implications.

Explore how to calculate and journalize disposals of property, plant and equipment, including partial depreciation, disposal payments, and complex scenarios using guided Excel worksheets and step-by-step examples.

Provide a downloadable pedia file that serves as a supplement to the instructional video on disposal of fully depreciated assets.

Learn how to record disposals of fully depreciated fixed assets, whether cash is received or not, by removing equipment and accumulated depreciation and determining any gains or losses.

Download the excel worksheet that accompanies the next presentation on depreciation calculations and fixed assets.

Learn how to dispose of fully depreciated property, plant, and equipment with no cash, using a worksheet journal entry that removes the asset and accumulated depreciation, leaving net income unaffected.

Download a supplementary pedia file to accompany the instructional video on disposal of fully depreciated fixed assets and the related cash received in financial accounting.

Learn how to dispose of fully depreciated property, plant, and equipment by recording cash receipts, removing assets and depreciation, and determining gains or losses through journal entries.

Download an Excel worksheet for this lecture to practice financial accounting tasks and reinforce key concepts.

Explore how to record the disposal of a fully depreciated piece of equipment with cash received, removing accumulated depreciation and recognizing a disposal gain.

Access a downloadable pedia file to supplement the instructional video on disposal of not fully depreciated fixed assets.

Learn how to dispose of not fully depreciated property, plant, and equipment, determine half-year depreciation, record disposal entries, and assess gain or loss on disposal affecting net income.

Preview the upcoming presentation and download an Excel worksheet to practice depreciation calculations for fixed assets.

Learn to apply straight-line depreciation for a not-fully-depreciated asset disposed mid-year, adjust depreciation to the sale date, and record the disposal with no cash and a loss.

Access a downloadable pedia file to supplement the instructional video on depreciation calculation and fixed assets.

Record disposal of not fully depreciated equipment, calculate unrecorded depreciation, and record cash received. Determine gain or loss and remove equipment and accumulated depreciation with proper journal entries.

Download an Excel worksheet in the next presentation to practice depreciation calculations for fixed assets. Use this practical tool to reinforce concepts in financial accounting.

Demonstrates recording a not fully depreciated disposal: adjust depreciation, recognize 15000 cash, remove equipment and accumulated depreciation, and report a 4000 gain with an overall net decrease of 7000.

The lecture covers depreciation methods for property plant and equipment, focusing on straight line versus accelerated options like declining balance and units of production, including modified accelerated cost recovery system.

Learn depreciation calculation and fixed asset accounting with journal entries for asset exchanges, sales gains or losses, and units-of-production and straight-line methods.

Take a quick comic break as you reinforce depreciation calculation and fixed assets concepts in financial accounting.

Explore definitions and key terms related to property plant and equipment, and examine how book definitions unfold with additional context.

Define accelerated depreciation method, which yields larger early depreciation than straight-line, illustrated by a fixed asset tank (cost 257,500; salvage 20,000; four-year life) and double declining balance.

Define betterments as improvements to property, plant, and equipment that enhance efficiency or productive life, capitalized and depreciated under the matching principle rather than expensed as repairs.

Define book value as the asset’s cost minus accumulated depreciation, depletion, or amortization, and show it declines over the useful life via straight-line depreciation using salvage value.

Define a change in accounting estimate as a revision based on new information that affects current and future periods, and adjust depreciation estimates—useful life and salvage value—prospectively.

Defines the declining balance method, compares it to the straight-line method, explains double declining balance and front-loaded depreciation, illustrating with a tank asset and book value over time.

Define depreciation as the expense of allocating the cost of property, plant, and equipment to periods of use under the matching principle.

Define intangible assets as long-term resources with no physical form that help generate future revenue, including trademarks, copyrights, patents, brand names, and goodwill, while noting their sometimes difficult valuation.

Define a lease as a contract for renting property, outlining the roles of owner (lessor) and lessee, rent payments, and return of the property at the end.

Define leasehold as the rights the lessee gains to use the property under the lease terms, with rent paid and ownership reverting to the owner at the end.

Define leasehold improvements as alterations to leased property, such as partitions and storefronts, made for the lessee's use and typically revert to the owner at lease end.

Define the lessee as the party to a lease who gains the right to possess and use property from the lessor, with rent accruing and ownership remaining with the lessor.

define the lessor as the party to a lease who grants the right to possess and use property, while the lessee uses it without ownership and pays rent.

Define limited life as service life of property, plant, and equipment, and illustrate depreciation via straight-line method under matching principle using a 257,500 tank, 20,000 salvage value, and four-year life.

Ordinary repairs keep a plant asset in normal operating condition and are expensed as revenue expenditures. Repairs that extend life are capitalized and depreciated.

Define plant assets as tangible long-lived assets used to generate revenue, including property, plant, and equipment such as boats, cars, land, buildings, and depreciation over useful life.

Define salvage value as the estimated amount recovered at the end of an asset’s useful life, also called residual or scrap value, used to compute depreciation.

Define straight-line depreciation as allocating the depreciable cost (cost minus salvage) evenly over the asset's useful life, with expense, accumulated depreciation, and book value tracked.

Define units of production depreciation as a method that allocates cost based on actual usage, using units produced to determine annual depreciation and record as depreciation expense and accumulated depreciation.

Define useful life as the length of time an asset is productively used in operations, and illustrate depreciation using the straight-line method with salvage value for a fixed asset.

Enjoy a quick comic break while reviewing depreciation calculations and fixed assets in financial accounting.