CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 18-5 Declining-Balance Method of Depreciation.

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LESSON 18-5 Declining-Balance Method of Depreciation

LESSON 8-4 Other Methods of Depreciation

LESSON 18-2 Calculating Depreciation Expense

LESSON 18-2 Calculating Depreciation Expense

LESSON 18-3 Journalizing Depreciation Expense

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LESSON 8-4 Other Methods of Depreciation

STRAIGHT-LINE DEPRECIATION

LESSON 14-5 Planning and Recording Depreciation Adjustments

LESSON 18-1 Buying Plant Assets and Paying Property Tax

Accounting for Plant Assets and Depreciation

LESSON 19-2 Calculating Depreciation Expense

DECLINING-BALANCE METHOD OF DEPRECIATION

Presentation transcript:

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 18-5 Declining-Balance Method of Depreciation

CENTURY 21 ACCOUNTING © Thomson/South-Western 2 LESSON 18-5 CALCULATING DEPRECIATION USING THE DOUBLE DECLINING-BALANCE METHOD 1 23 page Calculate the double declining-balance rate. 2.Determine the annual depreciation expense. 3.Determine the ending book value. 4.Transfer the ending book value to the beginning book value for the following year.

CENTURY 21 ACCOUNTING © Thomson/South-Western 3 LESSON 18-5 CALCULATING THE LAST YEAR’S DEPRECIATION EXPENSE 23 page Transfer the ending book value from Year 4 to the beginning book value of Year 5. 2.Subtract the salvage value from the beginning book value to determine the depreciation expense for the last year. 3.Verify that the ending book value is equal to the salvage value. 1

CENTURY 21 ACCOUNTING © Thomson/South-Western 4 LESSON 18-5 COMPARISON OF TWO METHODS OF DEPRECIATION page 553

CENTURY 21 ACCOUNTING © Thomson/South-Western 5 LESSON 18-5 TERM REVIEW declining-balance method of depreciation page 554