FA 9 3 Straight line Depreciation
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i did understand the lesson and she did it very well.
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i didn't hear her exsplain what exactly exspensing is compaired to deapreaciating. did any one?
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I love this
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@ViewTheWorld100 No, because Depreciation expense is a yearly entry that is the same each year. Accumulated depreciation is depreciation expense that is accumulated since inception of the capital asset whether its a car/equipment/factory whatever. Debits and Credits only must equal each other in transactions and overall in the trial balance. Hope that helped. :)
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@2012bambooriver installation cost would be added in cost price of asset
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@ViewTheWorld100 yes both balances have to be equal
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Great lesson! But shouldn't the DEBITS (Deprec. Exp) and CREDITS (Acc. Dep) equal up though?
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Thank you! You have so much more interest and fun in teaching than my Uni lecturer. This is an easier way to do the straight line method than what I was taught. Thanks!
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I love when she says: 'isn't that cool!?' lol enthusiastic teachers are so much easier to learn from! Thanks Ms.Crosson!
chrisandgaby 1 year ago 14
here in canada we call it amortization, not depreciation. although it the same thing. BTW nice lesson
anooosy1988 3 years ago 3