Lesson 6 "DEPRECIATION EXPLAINED"

📘 Welcome to ProAccounting Academy by CPA Kiweewa! In this lesson, we break down one of the most important accounting concepts — Depreciation — in a simple, practical, and easy-to-understand way. 💡 What You’ll Learn in This Video: What depreciation means and why it’s recorded in accounting The difference between depreciation, amortization, and depletion Common causes of depreciation on assets The main methods of calculating depreciation (Straight Line & Reducing Balance) How depreciation affects financial statements and profit calculations 📈 Why This Topic Matters: Every business owns assets — and over time, their value decreases. Understanding depreciation helps you record this loss correctly and present a true picture of your company’s financial position. This video simplifies depreciation with clear examples and practical explanations that make learning accounting easy and enjoyable. ✨ Join the Journey with ProAccounting Academy: 👉 Subscribe for weekly accounting lessons and tutorials 👉 Like, share, and comment your questions — we’re here to help 👉 Turn on the 🔔 to never miss a class 📚 Discover the Power of Accounting #ProAccountingAcademy #cpakiweewa #depreciationaccounting #accountingbasics #financeeducation #accountingforbeginners #fixedassets #learnaccountingonline #bookkeeping