Chapter 8 - Straight Line Depreciation Method example

The video tutorial explains the straight line method of depreciation, focusing on calculating total asset cost, creating journal entries, and understanding the impact on balance sheets. It covers the calculation of depreciation per year, the concept of depreciable base, and how to record depreciation in accounting books. The tutorial also addresses common questions and provides a practical example using a copy machine purchase.

What new insight or understanding did you gain from this video?