Depreciation | Methods & Calculations | Straight Line & Declining Balance | Commerce Specialist |

This video from Commerce Specialist is a tutorial video / lecture video related to an important Financial Accounting topic which is Depreciation.
It explains the Basic Concept of Depreciation, What is Depreciation, Why Depreciation is calculated, How depreciation is calculated, the two main Depreciation Methods, various concepts like Depreciation Expense, Accumulated Depreciation/Provision for Depreciation, /Allowance for Depreciation, Scrap Value/Salvage Value/Residual Value, Book Value/Net Book Value (NBV), Factors due to which Non-Current Assets Depreciate etc.
This video also demonstrates a numerical solved example of Straight Line Method and Declining Balance Method/Reducing Balance Method, Net Book Value Method/Diminishing Balance Method. How do companies decide which method of depreciation to use/ selection of depreciation method.
This video also explains the connection of Matching Principle (GAAP) with Depreciation.
This tutorial/lecture video is very relevant and useful for students of I.Com, B.Com, O Levels, A Levels, CA, ACCA, CMA, CIMA, CIA and CPA as it covers the learning outcomes of their syllabus.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, holds a Bachelors in Accounting, B.Ed., an MBA in Finance, Certificate in International Auditing form ACCA- UK, Professional Certificate from ICMAP along with over 20 years’ experience of working in MNCs including Banks, NBFIs and top business schools, colleges and universities.
Viewers and students can contact me on [e-mail], email me at [e-mail] or whatsApp me on [phone].
My website: www.comparativeedge.com
Link for my other videos:
IAS 16: • IAS 16 PPE | Property,...
Inventory Valuation [Systems & Methods]: • Stock Valuation System...
#depreciation #decliningbalancemethod #straightlinemethod

[@foodmens]

This man is really good at Finanace. im doing ACCA and he explains the concepts so good

[@CommerceSpecialist]

All the best in your ACCA journey dear🙏👍

[@AHAISIBWERESTY]

I really appreciate you for the lectures

[@arifkably8080]

Lots of prayers for your success and for those learning from you.

[@CommerceSpecialist]

Thanks sir

[@yasminriaz4399]

Ameeen

[@faisalaziz4001]

Very informative and worth watching.

[@jamilaalbusaidi7453]

Thank you, sir. The explanation in the video was clear and helpful

[@kabiprasadpradhan822]

Thank you for this video.

[@mustafakafina4148]

thank you, looking forward to your new videos

[@nancyn3957]

thank you, my depreciation understanding was at a higher level but now is at a deeper level. very helpful

[@CommerceSpecialist]

Thanks

[@mahamquraishi4439]

Thanks a bunch for these much needed videos Sir, Looking fwd to the other topics as well, esp, bond valuation. Wish you much more success, this video is indeed is very helpful. thanks again.

[@samaralbalushi7775]

Thank you sir, the video was really helpful

[@user-ot4ym2yw9y]

Thank you very much Sir. I just leant a lot from your vedio apart from our module leader' s teachings . Your explanations are very clear,simple straight to the point and understand about this topic. Thanks again

[@bernadetteotieno1674]

Thank you so much I have greatly benefitted from this lecture on depreciation. I am sure ongoing student. be blessed

[@user-ot4ym2yw9y]

Thank you very much Sir. I leant a lot from your vedio apart from our module leaders especially business and management . It is very clear,simple straight to the point and understand.

[@gabhrielbielnguot]

Wow, I'm really excited

[@CommerceSpecialist]

Thanks dear

[@Kulture7_]

thank you very much sir, now i clearly understand

[@aijazzpk]

Amazing. Wowww.

[@NewstoneKabalukilaphiri-ss1jz]

Thanks so much Sir, I was find difficult to understand this topic in the class but now I have understand this topic. Keep up with good work Sir

[@CommerceSpecialist]

Thx buddy

[@leonbwayo5623]

Very insightful and easy to understand,

[@CommerceSpecialist]

Thanks dear

[@user-ot4ym2yw9y]

Thank you very much Sir. Leant a lot from your vedio. It is very clear,simple straight to the point and understand.

[@blxeskullXz_]

May God bless you Always. You are truly Gifted.

[@CommerceSpecialist]

Thanks dear.

[@sundramnadarajah9386]

tq for your explanations sir

[@peymanpanahinezhad9127]

In simple terms you make it understandable and applicable

[@CommerceSpecialist]

Thanks👍😊

[@AllenOgbonna]

You have made accounting easy for me, thanks a whole lot sir.

[@CommerceSpecialist]

You are most welcome dear🙏👍

[@African_Village_Tv]

Thank you so much❤

[@manafcholakkal1498]

Thank you so much for sharing your knowledge

[@CommerceSpecialist]

You are welcome dear

[@ruthkanchele9260]

You are the best teacher I have never come across with am writing my exam today around 14 thanks you've explained it so well with patience thanks so much ❤

[@CommerceSpecialist]

You are welcome. Good Luck for your exams.😊🙏👍

[@CommerceSpecialist]

Thanks a lot, ur welcome, good luck for your exams😊🙏👍

[@user-uh2hd4gx8k]

Thank you so much for this! It really helped!☺️

[@sharmilachitnis7455]

Detailed explanation

[@user-uo7th2ms7e]

Thank you so much

[@darklord-gv3xr]

came here to study for economics exam but actually got interested in knowing more about economics...thankyou so much for such clear explanations means a lot!!

[@CommerceSpecialist]

Thx dear

[@Mnk45622]

Nice explainations on depreciation

[@user-ot4ym2yw9y]

Thanks very much sir. I have leant a lot from from your vedio. The explanations are well clear and understandable.

[@CommerceSpecialist]

👍🙏

[@MaingaNakachelomooya]

Thank you so much sir may you continue with your hard working

[@CommerceSpecialist]

🙏👍

[@samiralhamdani2835]

Thank you sir

[@louellalumawag3556]

Thank you Sir for a wonderful explanation about the Depreciation method.

[@CommerceSpecialist]

Ur welcome dear, there are 2 more videos on deo Depreciation on my channel.

[@ritananyonga3735]

Well executed. Thanks

[@CommerceSpecialist]

Thanks dear

[@OscarKayula]

you always make it look very easy, thanks a lot!

[@CommerceSpecialist]

Thx🙏👍

[@abdulrahmanquadri5400]

Thanks, the way you explain is really good and easy to understand

[@CommerceSpecialist]

You are welcome dear

[@thefox1703]

Thank you for this outstanding lecture!

[@CommerceSpecialist]

Ur welcome dear

[@chithrasundhar4238]

Thank you so much for this video 😊

[@CommerceSpecialist]

Ur welcome dear

[@user-xm5nw6fo2c]

Very informative..... thank you so much sir

[@CommerceSpecialist]

Ur welcome dear

[@mdmahinuddin819]

awesome...proud of a ACCA Student

[@CommerceSpecialist]

Thx

[@gabhrielbielnguot]

It's really helpful

[@CommerceSpecialist]

Thanks🙏👍

[@faysaljaffer2197]

well done wishing you all the success

[@CommerceSpecialist]

Thanks bro

[@user-hl8vs9rq7e]

thank you sir for a very clear explanation of this topic

[@CommerceSpecialist]

Ur welcome dear

[@PromiseChigwele-mm9nc]

U are the best sir I'm now understanding

[@CommerceSpecialist]

🙏👍

[@arupemukdennis5849]

Thanks so much upload another video

[@CommerceSpecialist]

There are many dear😊👍

[@katenekwawonanik3788]

Beautiful explanation simple and to the point

[@CommerceSpecialist]

😊🙏👍

[@UmapathyRajaraman]

Hi, Your lecture is a very detailed and beautiful presentation, also your handwriting. Thanks for your effort, and it will help all the aspirants.

[@CommerceSpecialist]

Thanks a lot dear🙏

[@CO3_254]

You make it easy to understand. Maybe the examples use could be a set exam question

[@kamranakhtar5570]

Wonderful Sir👍👍

[@CommerceSpecialist]

Thanks dear

[@haseebrahman7351]

Congratulations Bro. Wish you all the best

[@CommerceSpecialist]

Thanks bro

[@thekegs]

All the very best .. God bless..

[@CommerceSpecialist]

Thanks

[@user-yj6vn1pv7v]

Good presentation and understandable , well done sir.

[@CommerceSpecialist]

Thanks a lot

[@anupkantidas9964]

Very good to understand!!! Want to know every details Journal entries regarding depreciation and accounting treatment.

[@CommerceSpecialist]

Thanks, Sure, its coming soon. Tc

[@Primrosesaloon]

sir this was a really good explanation . u made it easier for us to understand thank you .

[@CommerceSpecialist]

Ur welcome🙏👍

[@user-vf9tx9rr9c]

Thank you so much sir

[@CommerceSpecialist]

Ur welcome dear

[@ChizaranJennifer]

Thank you Please I will be waiting for the next class

[@CommerceSpecialist]

Meaning??

[@abigailtembo5590]

You're really the best ❤️

[@CommerceSpecialist]

Thanks a lot dear🙏👍

[@boooomchannel8303]

Wonderful Lecture Sir. I will love that you make a lecture on the accounting cycle with practical examples

[@CommerceSpecialist]

Sure🙏👍

[@guledgujaco2349]

Thanks dear teacher

[@CommerceSpecialist]

Ur welcome dear

[@moseskailie3406]

I really like your teachings and explanations. would you please share with us your past tutorial on cost allocation table.

[@CommerceSpecialist]

Sure

[@SI_T10]

Very informative video Sir. Please do upload more videos on different accounting topics. Thank you☺️

[@CommerceSpecialist]

Sure

[@sopiiorlnongrang9532]

Thank you sir thank you so much very clear for me

[@CommerceSpecialist]

You are welcome my dear👍😊

[@pakistaninternational.9855]

It was also u very useful video. Keep continuing making video on same topics utilizing modern technology as well.

[@CommerceSpecialist]

Pls suggest the technology dear

[@sam4379]

Very good class . Best classes

[@CommerceSpecialist]

Thx dear

[@sam4379]

@@CommerceSpecialist Could you explain IFRS chart of account..?

[@CommerceSpecialist]

@@sam4379 please me more specific

[@aliqayyum5389]

Wish you best of luck 👍

[@CommerceSpecialist]

Thanks

[@edger.3886]

HI SIR, THANK YOU SO MUCH FOR PROVIDING SUCH A GREAT CONTENT I AM A ACCA STUDENT AND NOW PREPARING FOR FINANCIAL REPORTING WILL YOU PLEASE MAKE A PLAYLIST FOR ME .

[@CommerceSpecialist]

Will try

[@kikialmaskari4128]

Keep up the good work sir, we gain a lot through your videos , thank you. can you please do a video of data analysis and statistical techniques

[@CommerceSpecialist]

Sure, thx

[@trappedinownthoughts2163]

Thank you very much sir. Can you upload on capital structure and finance cost

[@SantoMading]

I am very interested in ur lectures, sir

[@CommerceSpecialist]

Thx dear

[@wardasaidabdulla452]

Thanks, the explanation is very clear but please can you add example MCQ questions at the end of the videos and techniques on the best way to solve them for CMA students

[@CommerceSpecialist]

Share ur email with me il send u mcqs

[@user-vf9tx9rr9c]

Nice teaching sir

[@CommerceSpecialist]

Thanks dear🙏👍

[@santoshkalmath8145]

Nice explanation sir

[@CommerceSpecialist]

Ur welcome🙏👍

[@santoshkalmath8145]

@@CommerceSpecialist But sir I have a question. why you have not done the video on IFRS 16 , if possible can you pls make the video on IFRS 16 with all the detail . if it's done can you please send me the link. I was gone through the all vedios but I didn't get any details about it. Can you pls help me on this .

[@IntelligenceAp]

Thank You for This Information , where can I find All the Accounting definitions to study so my knowledge increases

[@CommerceSpecialist]

Check my video on Basic Accounting and Accounting Basics 2

[@francamerveille-xp2wd]

Sir please I want to know how to make a presentation on depreciation

[@user-ww4ty4cr3j]

Sir i really enjoyed the lesson can i send you a question please

[@patiencehadebe1140]

Thank you for insightful information...May you also cover on disposals of fixed assets

[@CommerceSpecialist]

Sure dear

[@CommerceSpecialist]

Dear Candidate Please join my exclusive group for dedicated classes on ACCA and CMA. Choose PLATINUM MEMBERSHIP for maximum benefits and membership rewards. Link is below patreon.com/commercespecialist

[@sterlingfieldsmedia8206]

THANKS A LOT. Kindly do a manufacturing accounting. Iam doing ATD level II

[@CommerceSpecialist]

Videos are there dear

[@josking_photography081]

Using the residual balance method of depreciation, if a motor vehicle that cost N17,150 has a useful life of 5years and a residual value of N500, calculate the annual depreciation rate Oa. 0.51 b. 0.72 c. O.42 d. 0.21 Sir I need a collection of this question 👏

[@sunshinelovesponge9713]

I want my NBA in finance. I go back next year.. its hard at my age but im going to try

[@hayatimulongo]

Thanks u so much for this lecture. Sir is it possible to calculate using straight line at a percentage

[@CommerceSpecialist]

Yes, just take percentage of cost every year

[@GraveMadule]

Good teacher

[@CommerceSpecialist]

Thx

[@Hassan-vy8tn]

could you use the T ACCOUNT in a question preferably past paper questions O LEVELS IGCSE both methods

[@CommerceSpecialist]

Sure, il prepare one video on it.

[@WlinYT]

what's my depreciation for this 3 years late comment? :) lots of support sir thank you for your explanation

[@CommerceSpecialist]

Ur welcome dear👍🙏😊

[@studymotivation7343]

Sir can you please share with us solving MCQS kindly.

[@CommerceSpecialist]

Sure, very soon im launching members community, it will be available to members, hope to see you there.

[@AmutharajSivapragasam]

Sir, how you get SV $20,000 in straight line value and 20% on declining balance?

[@sakshi_shital_jadhav]

Sir would you please upload video on ias 33 i.e. EPS

[@CommerceSpecialist]

Already uploaded dear

[@khaledsaleh7458]

Is the amortization calculate for all assetes = Depreciation calculate for all assets?

[@khaledsaleh7458]

Thank you very much sir, it really helful.

[@CommerceSpecialist]

Dear Amortization is calculated for intangible assets having a finite life

[@Syed-rg5vl]

Pls make vedio for (G A A P ). Thank you sir.

[@CommerceSpecialist]

Its already there, just search for GAAP

[@kathiravangnanamani6392]

Latest schedule depreciation as per pvt Ltd working please explain no need income tax

[@ankitacharya5307]

Upload video of inventory sir

[@CommerceSpecialist]

Its already on my channel dear

[@romananthony5711]

God bless best for all your success great. ROMAN ANTHONY

[@CommerceSpecialist]

Thanks

[@African_Village_Tv]

I will prefer straight line method

[@edwinmlingi2268]

Very useful with important concepts..I don't need to read 10 pages of a book again to get the concept 😂

[@CommerceSpecialist]

Thanks dear😊🙏👍

[@BaanchuiluBalang-zg4fc]

Hello sir..can you give me a personal tutor?? I really need your help..I'm from science background so I have many difficulty in doing depreciation

[@CommerceSpecialist]

Sure dear

[@sahishsamant7293]

New video when it will come

[@CommerceSpecialist]

Already uploaded one yesterday dear🙂

[@ibekwenkiru7656]

What if there is no percentage and a salvage value is added

[@CommerceSpecialist]

Then divide 100 by life in years to get percentage

[@user-ot4ym2yw9y]

Thank you very much Sir. I just leant a lot from your vedio apart from our module leader' s teachings . Your explanations are very clear,simple straight to the point and understand about this topic. Thanks again

[@user-ot4ym2yw9y]

Thank you very much Sir. Leant a lot from your vedio. It is very clear,simple straight to the point and understand.

[@CommerceSpecialist]

Thanks👍🙏

[@ankitacharya5307]

Thank you sir

[@frankmollel6119]

Thank you so much

[@CommerceSpecialist]

Ur welcome dear