Depreciation of Non-Current Assets
Principles of Accounts · Secondary 3 · Adjustments to Financial Statements · 3.º Período

Depreciation of Non-Current Assets

Students explore the concept of depreciation and calculate it using straight-line and reducing-balance methods. They will record depreciation and accumulated depreciation in the ledger.

MOE Syllabus OutcomesMOE POA Syllabus 7087, Section 6.3MOE POA Syllabus 7087, Section 6.4

About This Topic

Students explore the concept of depreciation and calculate it using straight-line and reducing-balance methods. They will record depreciation and accumulated depreciation in the ledger.

Key Questions

  1. Why do non-current assets depreciate?
  2. What is the difference between straight-line and reducing-balance methods?
  3. How is accumulated depreciation presented in the balance sheet?

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