Methods of Depreciation

Phase 1

Watch the following youtube link to methods of depreciation https://www.youtube.com/watch?v=6SY8s1_OEro

Phase 2

Discuss the contents of the video in your groups (groups of four-4)

Phase 3

The following task must be divided equitably among the group members

1. Clearly define the term depreciation.
2. List at least three (3) causes of depreciation.
3. Define fixed assets and give four (4) examples.
4. Explain the methods to calculate depreciation and know their formulas.

The following are additional links to aid in the contribution of information.

• https://www.accountingcoach.com/depreciation/explanation
• https://www.youtube.com/watch?v=XvuuiEij0mU
• https://www.youtube.com/watch?v=JHqsqJPKcgM