Lesson 11:: Depreciation Accounting

Depreciation Accounting
Caption: Depreciation accounting is the process of allocating the cost of an asset over its useful life. It is important because it helps to provide a more accurate picture of an organization's financial performance and position by accounting for the gradual decline in the value of assets due to wear and tear, obsolescence, or other factors. There are several methods of calculating depreciation, including straight-line depreciation, declining balance depreciation, and units of production depreciation, and the choice of method depends on various factors.
Keywords: depreciation, accounting, asset, cost, useful life, non-cash expense, wear and tear, obsolescence, salvage value, residual value, straight-line depreciation, declining balance depreciation, units of production depreciation, financial performance, financial position.
Consignment Accounting: Part 1
• Consignment Accounting...
Consignment Accounting: Part 2
• Consignment Accounting...
Consignment Accounting: Part 3
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JOINT VENTURE: PART 1
• JOINT VENTURE::PART 1
Types of Accounts and Accounting Process
• Lesson 3: Types of Acc...
Accounting Equation Part 1
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Accounting Principles
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Rules of Debit and Credit
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Accounting Equation-Part 2
• Lesson 6:: Accounting ...
JOURNAL
• Lesson 7:: JOURNAL
Ledger and Trial balance
• Lesson 8:: Ledger and ...
Final Account Adjustments
• Lesson 10:: Final Acco...
Trading A/c, P & L A/c and Balance Sheet
• Lesson 9:: Trading A/c...
Depreciation Accounting
• Lesson 11:: Depreciati...
Difference Between Trial Balance and Balance Sheet: Trial Balance vs Balance Sheet
• Difference Between Tri...
JOINT VENTURE: PART 2
• JOINT VENTURE::PART 2
HOW TO SOLVE FINAL ACCOUNT QUESTIONS FAST
• HOW TO SOLVE FINAL ACC...
HIRE PURCHASE: PART 1
• HIRE PURCHASE::PART 1
HIRE PURCHASE: PART 2
• HIRE PURCHASE PART 2
BRANCH ACCOUNTING: PART 1
• BRANCH ACCOUNTING::PART 1
BRANCH ACCOUNTING: PART 2
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BRANCH ACCOUNTING: PART 3
• BRANCH ACCOUNTING PART 3
INVENTORY VALUATION
• INVENTORY VALUATION
Funds Flow Statement Part 1
• Funds Flow Statement P...
Funds Flow Statement Part 2 Adjustments
• Funds Flow Statement P...
Garner Vs Murray Rule: Insolvency of Partner(s)
• Garner Vs Murray Rule:...
Insolvency of All the Partners
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FINANCIAL ACCOUNTING SYLLABUS OVERVIEW B.COM | B.COM (Hns)
• FINANCIAL ACCOUNTING S...
Periodic Vs Perpetual System of Inventory
• Periodic Vs Perpetual ...
Bills of Exchange Part 1
• Bills of Exchange Part 1
Bills of Exchange Part 2
• Bills of Exchange Part 2
Accounting Notes and MCQs
• Accounting Notes and MCQs
Financial Accounting Syllabus B.Com Hns
• Financial Accounting S...
Income Tax live class Series 1
• Income Tax live class ...
B.Com 1st Semester Syllabus II B.Com First Year Syllabus DU II B.Com Syllabus
• B.Com 1st Semester Syl... This Video is to make clear of the concept of Accounting for Depreciation. The methods SLM and WDV are made with a simple example, to begin with. listen to the complete lecture and then post any comment or query below.

[@sajanthind7471]

World best teacher = nitin sir

[@vishakharathore782]

Your explanation is very attractive! Thanks a lot sir

[@mahi9572]

Lots of love from Uttarakhand sir ji aap jse padhate ho wse koi nhi padha skta .....thank you

[@daleeplalhal7398]

Sir, your way of Teaching is more attractive and interest able

[@aninditachakrabarty5363]

Sir aapne kitna acche se Depreciation samjha diya.
SALUTE SIR

[@abassali779]

Love u sir..... Ua great kitne pyar sa smjhate ho

[@umerahmed6678]

I have my accounts paper tomorrow and this video really helped me clear my queries and have a better understanding, Thank You so much Sir

[@adarshkumarsingh1175]

Mujhe aap phle ku nahi mile.
Aap best hai sir. dil se salam

[@themiracleworld5568]

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[@afshankhan2412]

Hello sir lots of respect and prayers for u from Pakistan 😊

[@shashikala503]

Hi Nitin really u r amazing teacher I m learning so fast and u r teaching very effectively thank u so much.

[@lifeinoman9275]

I am an engineer but I love the way you teach . God level teacher

[@fayazahmed6537]

Hi Sir.
Glad to see your videos.
I had been through all your accounting videos.
It's been great pleasure to understand and make use of it
You are best and your instruction are very useful.
I would request you please uploade some videos on R2R
At this time, huge demand for this role.
Please provide some tutorials on this R2r
I will be awaiting for your update.
Hope you take it as priority and work on it.
Appreciate your help.

[@aasthaverma5169]

Sir, Your lecture helped me a lot..Thankyou sir😊

[@zeenatmumtaz8406]

Thank u ao much sir for making my study😍 too much easier than before...m so thankful to u...

[@madhurikumari3983]

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[@ripaltandel7634]

Thank you for sharing knowledge

[@jyostnaswainswain580]

Sir Thank you sooo much ...clear karne k liya...apka bht acche se samjhate ho 😊

[@shwetalx6037]

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[@saurabhkhanna5449]

Aap bhot acha or bhot pyaar se samjhate ho u r great sir...aap jaise teacher mil Jaye na too koi studens ye nhi kah sakega ki accounts hard hai

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[@majidalithaheem6529]

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[@divyam12291]

Words nahi hai mere pass etna achaa explain kiya hai aapne

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[@vikramsinghrawat4151]

Ruhab ji shukriya.

[@nino_neha]

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[@rav324]

Very good informations thank you very much

[@ddeoffice8721]

Hi sir, great lessons, same like class room,, I had been watching all videos very helpful

[@shuvrabanerjee417]

🐢Very nice explain thank you so much

[@sachipadhi6704]

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[@kamrulhassan9366]

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[@ashrafali3977]

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[@travelingwithme6092]

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[@devchandhirani4247]

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[@jayeshkushwah1179]

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[@true3945]

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[@ShankarKumar-re1yh]

Sir your teaching style is mervelous , please make video on advanced Deprecitation

[@riyayadav3288]

Thanku sir u are the best teacher

[@shozehshokat2498]

Sir aap bhaut accha padha rhai ho sir...
I am from kargil (ladakh)..

[@chic-th-lay490]

Your teaching style is marvelous Please make more videos of depreciation on advance level, master level

[@nitingoel]

Hopefully on weekend will upload depriciaition with change of method and retrospective

[@chic-th-lay490]

@@nitingoel sir, plz make video on profit on debt?

[@saqibahmed5524]

Excellent 👍
From پاکستان

[@starstatusvideos200]

Thank you sir ❣️❣️🙏🏻

[@siddharthjangde1254]

Thank you so much sir 😊

[@birjurai4510]

please link all the journal entries to balance sheet. so that we can learn better. your teaching is awesome

[@KnowledgeofGolf]

Thank you sir ❤️

[@parisaujjan7844]

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[@mayanktiwari5428]

THANK YOU SIR !

[@jamsheernasheem2426]

Thank you so much Sir

[@rishabhbhardwaj3596]

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[@nitingoel]

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[@admiredjewel]

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[@Shuvam4199]

Thanks sir 🙏🏻❤️

[@chetnagala3460]

Sir i am having problems in calculation of months when the question says that the assets is revalued and than disposed ??? Can i pls contact you i am having my dec attempt of ACCA!!??

[@siyasingh3371]

Awesome sir 😍

[@johnedu249]

Sir more videoes on this topic

[@dard_e_dil6079]

Thnku sir bhut acha smj aaya

[@anchalkansal8755]

Sir aap bhot accha padhate ho

[@jerrysingh3516]

Best one

[@Rentissycom]

Sir purchase kae time par insurance machinery mae he add hoga ya nhi

[@lalitjha9260]

thanks sir nice video

[@prajaktakasekar8015]

thank you sir

[@khateebaaqibahmed1271]

Sir can we have to enter depreciation values in journal or else we have to create a depreciation book???

[@prit_26]

Thank u sir🙏

[@dineshkumarmeena9883]

Excellent

[@ytlgamer5270]

Sir kisi digit ka square karne pe ghtega ya badhega ??
Plz answer me pls pls sir 🙏🙏🙏

[@dhruv7257]

Sir i have question , what will be the effect due to change in depreciation retrospective or prospective in Bcom sulabus

[@kavitarawat2369]

Sir agr date of machinery purchased 1st jan ki jgaa july hoti 1st year me hi tou no.of months bhi lgte deprecation k saath like 100000×10/100×6/12= 5000 amt hoti depreciation ki tou next year hm kitna depreciation lgaate 10000 ya yhi 5000??? According to original value method

[@djjoneabstyle4808]

Thank you so much sir ji

[@hafiztahirmasood5223]

Very good sir

[@pritika2764]

Thank uh Sir

[@harmansaran5018]

Thanku sir👍

[@kairmjamadar9130]

But I like you teaching methods I understand very much

[@rashidmahmood1739]

Sir financial year end hone per depreciation ki entry ki jaayega na
Aur market level per slm method use hota hai
Ya written down value method
Please sir reply

[@roshnisingh777]

Thnkuuu sir🙏

[@s.r.gaming0843]

Thank

[@abhilashshelar1059]

Hello sir could you please explain how would you calculate = By P/L A/C 20,000 /- In Depriciation A/C ?

[@sandeepsaxena7888]

Sir cost Jo h 90000 with GST hai or without gst hai mtlb hum jo dep. lgaynge vo without gst ya with GST lgega .batye sir

[@taniyataniya8274]

Plzz sir make video on depreciation accounting of bcom 1 yr.. I have many.. Doubts sir my doubt will be clear after view your video bcz.. U explain very well.. Sir
So plzzz sir 🙏🙏🙏

[@Shivaniverma-iu9cw]

Thank you sir, apki hr video bht beneficial hai sir apse ek request hai ki aap mcq ki bhi video bnaye kuk Hum me se bht students Ase bhi hai jinka assistant accountant Ka exam hai to apki mcq's se bhi hme bht help milegi

[@TG-mg7ki]

Sir if any company changes his method of depreciation in the middle of any financial year how will effect shown in accounts

[@payalaggarwal7601]

Yes sir kra do ye

[@naserbinosman6092]

Sir, if we building/land purchase then every year their value will be increased. Could you please explain?

[@muskcan]

thankyou

[@varindersharma7288]

Thanku

[@ranjinim8250]

Sir, for the 2nd year you have written as to Asset 19000, but in credit side you have written 20000/- than what about 1000/- balance

[@DREAMGIRL-hb7cv]

Glti se likh diya sir ne

[@Anurag_singh51]

I am confused also.

[@psgentertainment8348]

Sir. Depreciation dono pr same lgy gi pr aik pr 6 month hai or dosry lr one year??

[@shreeshyamtextiles9495]

Sir depreciation se baad aapne konsa cheptr liya hai bataiye please

[@mohdatraf5148]

Thanks ser

[@dikshakumari1427]

How does the second entry of p&l account in the depreciation account show 20000

[@tripler9608]

Mistake

[@shubhankarraj2142]

@@tripler9608 What will be correct entry?

[@varatthapa908]

@@shubhankarraj2142 By P&L A/c = ₹19000

[@alishan-uv9ni]

Sir what is classifying revenue and capital expenditure.

[@anjusaini4023]

Sir plz Depreciation allowance kar do related to income tax

[@sakhitarani8683]

Nice👍👍👍👍👍

[@khyatidigitalstudio6111]

Adam purchased a machine for $42,000, paid 3000 for its erection on April 1st 2009. Additions are made to the machine on march 31st 2010 for $20,000. Accounts are closed at the end of financial year. Depreciation charged 10% under fixed installment method, prepare accounts for 3yrs?

[@iffy4888]

The best teaCher

[@janhavimishra1857]

Sir, depreciation ac me 2nd .. P+L ac 20000 kaise hua 🤔

[@divyayadav7085]

Hlo sir, can u please add next 4 methods of depreciation 🙏🙏🙏

[@muskanshaikh2912]

Sir, please next video depreciation k bta dijiye

[@anamramay162]

Yes plz

[@saniyabegumbegum5073]

Sir wdv method mai 2 machinary oct mai .aap 6 months kyon liye??? Plz exaplain

[@utsavjaswal9300]

Sir please tell me how I will record insurance premium received after my one of the assets is burned and I had 3 assets

[@update2661]

👍👍