Hey everyone, Kyle Ashcraft here. In this video, we're tackling the straight-line method of depreciation. We'll break down depreciation, net book value, and the calculation process itself. We'll even cover salvage value and journal entries. Don't worry if you're new to this - I'll use clear examples to make depreciation accounting a breeze. So, whether you're a student, business owner, or just looking to boost your financial literacy, jump in and learn with me!
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Learn the straight-line method of depreciation in this video by Kyle Ashcraft of Maxwell CPA Review! Topics include the definitions of "Depreciation" and "Net Book Value," how to calculate the straight-line method of depreciation, and how to record the journal entries for acquiring an asset and depreciating it. Please let us know what you think in the comments below, and don't forget to subscribe! If you have any questions about the CPA exams or private online tutoring, please reach out at MaxwellCPAReview@gmail.com.
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