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The proper accounting for equipment and depreciation are presented in this course, focusing on straight-line, units of activity, and declining balance methods.  Depreciation from an accounting point of view is defined and detailed examples are provided.  Additionally, accounting for the sale of equipment is covered.

Course Series

This course is included in the following series:

11 CoursesBack to the Basics: Accounting Fundamentals

  1. Accounting Review: The Basics of Debits and Credits
  2. Transaction Analysis, T-Accounts, Debits and Credits, and Trial Balances
  3. Accounting Review: Overview of Financial Statements; P&L, Balance Sheet, and Cash Flow
  4. The Accounting Equation and Financial Statements
  5. Bank Reconciliations, Cash, and Internal Controls
  6. Accounts Receivable Training: Bad Debts
  7. Equipment and Depreciation
  8. Inventory Costing
  9. Purchase and Sale of Inventory
  10. The Adjusting Process
  11. The Closing Process

Learning Objectives

  • Identify the characteristics of property, plant and equipment
  • Discover how to calculate and record straight-line depreciation
  • Discover how to calculate and record units of activity depreciation
  • Discover how to calculate and record declining balance depreciation
  • Discover how to calculate and record the sale of equipment
Last updated/reviewed: September 09, 2017

30 Reviews (147 ratings)Reviews

5
Member's Profile
Instructor was easy to understand and provided good examples in the presentation. The handouts and materials were very helpful learning tools also.
Anonymous Author
Course was easy to understand and the instructor is effective. The workbook is a great added feature to practice before the exam.
5
Member's Profile
Very basic but useful if your unfamiliar with depreciation. Also, good refresher on the non-straight line methods.
5
Member's Profile
Enjoyed the instructor's presentation style - made all concepts easy to understand.
5
Member's Profile
Really helps for those who is starting to study equipment and depreciation.
5
Anonymous Author
Simple overview. I think the exam question should show the answers graded.
5
Member's Profile
Good overview of the topic. Workbook and examples are very helpful.
4
Member's Profile
This is a good intro to PPE. Would recommend for beginners.
4
Anonymous Author
Decent class about depreciation if you need a refresher.
5
Member's Profile
No surprises. Clear aand concise review of depreciation.
4
Anonymous Author
Good review of depreciation basics. Good examples
5
Member's Profile
MACRS table (or TurboTax) is easier at my age.
4
Anonymous Author
Good coverage of the key concepts.
5
Member's Profile
Review of depreciation methods
4
Anonymous Author
Good refresher of DDB method.
5
Member's Profile
Good review. Thanks!
Member's Profile
Good simple review.
5
Anonymous Author
Very educational.
4
Anonymous Author
great refresher
5
Anonymous Author
Very Informative
3
Anonymous Author
An okay review.
4
Member's Profile
Good overview
4
Anonymous Author
valued course
5
Anonymous Author
Great course!
4
Member's Profile
Very Good!
4
Member's Profile
Good
4
Member's Profile
good
3
Anonymous Author
ok
5
Member's Profile
.
Anonymous Author
4

Prerequisites

Course Complexity: Foundational

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
Equipment and Depreciation
  6:54Straight Line and Units of Activity
  9:21Double Declining Balance
CONCLUSION
  7:42Disposal of Equipment
Continuous Play
  36:559 Core Financial Accounting:Equipment and Depreciation
SUPPORTING MATERIALS
  PDFNotes Template: Equipment and Depreciation
  PDFWorkbook: Equipment and Depreciation
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM