Accounting Treatment of Depreciation

The video tutorial covers the concept of depreciation, focusing on the written down value (WDV) method. It explains how to calculate depreciation for a machine purchased by a company, including handling asset disposal and new purchases. The tutorial emphasizes the importance of noting key dates and provides a step-by-step guide to preparing a machinery ledger account over four accounting years. It also highlights common mistakes and offers tips for accurate calculations.

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