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

 DEPRECIATION LESSON AND WORKSHEET This is a lesson and worksheet on accounting for depreciation. Do you have a recommendation for an enhancement to this accounting lesson, or do you have an idea for a new lesson?  Then leave us a suggestion. Back to more Accounting and Bookkeeping Lessons   More Career, Job, and Business Skills Lessons           To teach and learn money skills, personal finance, money management, business, careers, and life skills please go to the Money Instructor home page.  Depreciation Lesson Plan - Simple Basic rules professional template guide etiquette lesson - High School Student - Secondary education - Adults - Teens - Teenagers - Instruct Theme Unit - Secondary Education - Middle School - Young Adults - Classroom Review - Career Accounting Education  © 2002-2013 Money Instructor 