ACCOUNTING BASICS for Beginners (Whole Playlist) - DOUBLE DECLINING BALANCE Method of Depreciation

👉 Confused by accounting? Download this free cheat sheet: https://accountingstuff.com In this video you'll learn how to use the Double Declining Balance Depreciation Method in Accounting. This an accelerated variable depreciation technique. Others depreciation methods include... ▪ Straight Line Depreciation Method → https://youtu.be/iruD9KTNnNc ▪ Double-Declining Balance Method → https://youtu.be/M-VzJ51zZoM ▪ Sum of the Year's Digits Method → https://youtu.be/Q03t8vuRMwo ▪ Units of Production Method → https://youtu.be/QJk6DgML0BQ You'll find out what depreciation means and how it applies to Non-Current Assets like a Laptop. Then we'll cover a full worked example where you'll learn how to apply the Double Declining Method in three simple steps. This episode of Accounting Stuff is part of a mini-series on Depreciation in Accounting. You can find the link to the whole playlist here ⬇️ 🔗Full Depreciation Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l324hTFoBXWq9T3tUY_LUrn2 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 - Intro 00:10 - What is Depreciation? 00:21 - What is the Double Declining Balance Method? 00:34 - Example 01:07 - Step 1: Write Down What You Know 01:35 - Step 2: Build a Depreciation Schedule 01:59 - Step 3: Calculate the Depreciation Expense, Accumulated Depreciation & Book Values 02:51 - How to Calculate Double Declining Depreciation Expense 05:15 - Double Declining Balance Depreciation Graph 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🚶FOLLOW ME ON ▪ Instagram → https://www.instagram.com/accountingstuff ▪ TikTok → https://www.tiktok.com/@accounting_stuff ▪ Facebook → https://www.facebook.com/thisisaccountingstuff/ 🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #accountingbasics #accountingstuff