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DEPRECIATION ACCOUNTING LESSON PLAN CALCULATING ONLINE FINANCIAL BASICS CORE HIGH SCHOOL BUSINESS TEACHING LEARNING FORMAT SAMPLE EXAMPLE HELP FORMAL WORK CAREERS SAMPLE STUDENTS FREE PRACTICE TEACHER BUSINESS BOOKKEEPING LIFE SKILLS

 

 

 

Students learn about accounting for depreciation.

 

 

DEPRECIATION

Topic:  Accounting for Depreciation

Concept:  To understand the concept of depreciation, and how to calculate depreciation amounts.

Objectives

  • Understand what a fixed asset is
  • Understand what deprecation is
  • Know the accounts involved in recording depreciation
  • Know how to journalize depreciation transactions
  • Understand the different methods for calculating depreciation
  • Know how to calculate deprecation

Suggested Grades:

Seventh Grade - Eighth Grade - Ninth Grade - Tenth Grade - Eleventh Grade - Twelfth Grade - Adult Education

 
 

 

 

ACCOUNTING FOR DEPRECIATION LESSON PLAN

 

Teaching Materials

Lesson Activity

1. Introduce fixed assets

  • Ask for examples of fixed assets
  • What differentiates a fixed from a current asset?

2. Define depreciation

  • Provide real life examples cars, computers

3. Discuss land

  • Introduce the concept of appreciation

4. Present depreciation as business expense

  • discuss the fact that it has no dollar value

5. Introduce the accounts used in recording depreciation

  • work through an example
  • show how to journalize

6. Discuss net value

7. Demonstrate how to calculate depreciation

  • straight-line
  • accelerated
  • Work through examples

Assessment/Evaluation

Have students complete worksheet. A suggested passing grade is 70% or greater.

 

 

 

Lesson Printable Materials - Worksheets

Print out the teaching lesson pages and exercise worksheets for use with this lesson:

 

DEPRECIATION LESSON AND WORKSHEET

Depreciation Lesson and Worksheet*

This is a lesson and worksheet on accounting for depreciation.

 

 

 
 

 

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