ACCOUNTING FOR DEPRECIATION LESSON PLAN

 

Teaching Materials

• Lesson - Depreciation (see below for printable lesson)

• Depreciation Worksheet

• Overhead

• Prepared Examples

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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