Straight Line Depreciation Partial Year Example

This video calculates the straight line 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

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12/31/2023