Units of Production Depreciation Example

This video calculates the units of production depreciation method for a partial year. It also shows the depreciation journal entries.

Depreciation is a noncash expense to allocate the cost of the plant asset over its useful life.

For depreciation, we need to know four things:
1 asset cost
2 salvage value
3 useful life
4 depreciation method

__________

BOOK AN APPOINTMENT WITH ME

Book a coaching or tutoring appointment with Jeff Mankin

__________

SEE ALSO

__________

LEARN MORE

Please Like, Comment, and Subscribe to support our channel.

ACCOUNTING BASICS

EXCEL BASICS

FINANCE BASICS

INTERMEDIATE ACCOUNTING

__________

BOOKS I RECOMMEND

__________

SAY HI ON SOCIAL

__________

MY GEAR

__________

ABOUT ME
__________

DISCLAIMERS & DISCLOSURES

This content is for education and entertainment purposes only. Finally Learn LLC does not provide accounting, tax, financial planning, or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

#finallylearn #jeffmankin

4,003 Subscribers
1/2/2024