Details
Pages
7 Pages
Subject
Business, Accounting, Other
Languages
English
Product
Digital
Grade
9th, 10th, 11th, 12th
Resource Type
Activities, Printables, Worksheets
Standard
Not standard specific
Description
This resource is designed to reinforce what students have learned about straight-line depreciation in your accounting or business unit.
Students will receive the capitalization policy created by the CFO of Finance Guy Corp. They will use the policy to determine the useful lives of various asset types and which assets get capitalized.
Once they determine the useful lives of each asset that was purchased, they will calculate the annual depreciation.
There are also 2 sets of journal entries that students will create:
1.)The purchase of the assets
2.) Monthly depreciation (only 1 month is required)
Answer key is included!
Students will receive the capitalization policy created by the CFO of Finance Guy Corp. They will use the policy to determine the useful lives of various asset types and which assets get capitalized.
Once they determine the useful lives of each asset that was purchased, they will calculate the annual depreciation.
There are also 2 sets of journal entries that students will create:
1.)The purchase of the assets
2.) Monthly depreciation (only 1 month is required)
Answer key is included!
This resource is designed to reinforce what students have learned about straight-line depreciation in your accounting or business unit. Students will receive the capitalization policy created by the CFO of Finance Guy Corp. They will use the policy to determine... more
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