An In-Depth Guide to Depreciation in Accounting

👉 Confused by accounting? Download this free cheat sheet: https://accountingstuff.com In this video, I’ll walk you through everything you need to know about Depreciation. We'll cover the basic concept (including the Journal Entries) and these four commonly used Depreciation methods: ▪ Straight Line Depreciation Method ▪ Double-Declining Balance Method ▪ Sum of the Year’s Digits Method ▪ Units of Production Method Whether you're a student, a small business owner or an accountant, this guide has got you covered! 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 - Intro 00:35 - What is Depreciation? 11:24 - Straight Line Depreciation Method 17:58 - Double-Declining Balance Method 23:19 - Sum of the Year's Digits Method 31:03 - Units of Production Method 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mf... ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🚶FOLLOW ME ON ▪ Instagram →   / accountingstuff   ▪ TikTok →   / accounting_stuff   ▪ Facebook →   / accountingstuff   ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingbasics #accountingstuff