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 →    • STRAIGHT LINE Method of Depreciation ...  
▪ Double-Declining Balance Method →    • DOUBLE DECLINING BALANCE Method of De...  
▪ Sum of the Year's Digits Method →    • SUM OF THE YEAR'S DIGITS Method of De...  
▪ Units of Production Method →    • UNITS OF PRODUCTION Method of Depreci...  

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 →    • How to Calculate DEPRECIATION (Mini-S...  

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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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