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
- Accounting Review: The Basics of Debits and Credits
- Transaction Analysis, T-Accounts, Debits and Credits, and Trial Balances
- Accounting Review: Overview of Financial Statements; P&L, Balance Sheet, and Cash Flow
- The Accounting Equation and Financial Statements
- Bank Reconciliations, Cash, and Internal Controls
- Accounts Receivable Training: Bad Debts
- Equipment and Depreciation
- Inventory Costing
- Purchase and Sale of Inventory
- The Adjusting Process
- 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: March 4, 2024
79 Reviews (296 ratings)
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
.
![Instructor for this course Instructor for this course](https://www.illumeo.com/sites/proformative.com/files/imagecache/user_image_large/pictures/picture-58616-1461116217.jpg)
Erik SlayterAccounting Professor at Cal Poly