In this video I show how to calculate the depreciation figure(s) that go in the balance sheet and how to prepare the non-current assets section of the balance sheet.
You can use the time stamps below to go to a specific part of the video:
00:00 - Intro
02:15 - Brief talk about depreciation
04:50 - The Straight-Line method e.g.
15:10 - Practice question 1
17:58 - The Reducing Balance Method e.g.
24:08 - Practice question 2
27:58 - Using both methods
32:23 - Practice question 3
34:51 - Outro
You can view the entire balance sheet playlist using this link:
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You can use the links below to view the videos on the topics mentioned in this video:
Accrued and prepaid expenses
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Accrued and prepaid revenues
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The provision for bad debts
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Here are links to how to treat with these items in the income statement:
Accruals and prepayments
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Provision for bad debts
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All 3 adjustments at once
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#balancesheet #statementoffinancialposition #csecpoa
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