 | Depreciation
Learning Objectives
LU 17–1: Concept of Depreciation and the Straight-Line Method- Explain the concept and causes of depreciation.
- Prepare a depreciation schedule and calculate partial-year depreciation.
LU 17–2: Units-of-Production Method- Explain how use affects the units-of-production method.
- Prepare a depreciation schedule.
LU 17–3: Declining-Balance Method- Explain the importance of residual value in the depreciation schedule.
- Prepare a depreciation schedule.
LU 17–4: Modified Accelerated Cost Recovery System (MACRS) with Introduction to ACRS- Explain the goals of ACRS and MACRS and their limitations.
- Calculate depreciation using the MACRS guidelines.
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