Accounting Tutoring - ACCT 201A, California State University--Fullerton

1

Acquisition Cost of Assets

What things do you get to count as the "cost" of an asset? Well, it depends.

13:23

2

Lump Sum Purchases

When you buy a group of assets all at once, you need to split up the purchase price in a reasonable way. I'll show you what is reasonable.

6:01

3

What is Depreciation?

Before we talk about how to calculate depreciation, we're going to talk about what it actually is and why we have to depreciate things.

11:23

4

Straight Line Depreciation

Get excited, because straight line depreciation is super easy.

4:33

5

Double Declining Balance

Double declining balance is not as easy as straight line, but it's not terrible. There is one thing that you have to look out for, and I'll tell you what it is.

13:58

6

Units of Production

Units of production is as easy as straight line, but instead of using "years", we're going to use "units".

3:43

7

Partial Year Depreciation

If you buy an asset in the middle of the year, you have to adjust your depreciation calculations to account for that.

5:50

8

Capital vs. Revenue Expenditures

Some assets are going to require more money to be spent on them. If you have an asset that requires some sort of additional outlay, you can either capitalize or expense that amount of money. If you do capitalize it, you must also depreciate it, which leads to a change in depreciation.

10:42

	Click Here to View All Topic 8 Problems at Once	View
1	The Effect of Amortization	Easy
2	The Effect of Capital vs Revenue Expenditures	Easy
3	Calculating Depreciation using DDB	Moderate
4	Change in Depreciation	Moderate
5	Failure to Record Depreciation	Moderate

Topic 8

Videos

Practice Problems

1	Acquisition Cost of Assets What things do you get to count as the "cost" of an asset? Well, it depends.	13:23
2	Lump Sum Purchases When you buy a group of assets all at once, you need to split up the purchase price in a reasonable way. I'll show you what is reasonable.	6:01
3	What is Depreciation? Before we talk about how to calculate depreciation, we're going to talk about what it actually is and why we have to depreciate things.	11:23
4	Straight Line Depreciation Get excited, because straight line depreciation is super easy.	4:33
5	Double Declining Balance Double declining balance is not as easy as straight line, but it's not terrible. There is one thing that you have to look out for, and I'll tell you what it is.	13:58
6	Units of Production Units of production is as easy as straight line, but instead of using "years", we're going to use "units".	3:43
7	Partial Year Depreciation If you buy an asset in the middle of the year, you have to adjust your depreciation calculations to account for that.	5:50
8	Capital vs. Revenue Expenditures Some assets are going to require more money to be spent on them. If you have an asset that requires some sort of additional outlay, you can either capitalize or expense that amount of money. If you do capitalize it, you must also depreciate it, which leads to a change in depreciation.	10:42