Lesson 6 "DEPRECIATION EXPLAINED"

Описание: 📘 Welcome to ProAccounting Academy by CPA Kiweewa!
In this lesson, we break down one of the most important accounting concepts — Depreciation — in a simple, practical, and easy-to-understand way.

💡 What You’ll Learn in This Video:

What depreciation means and why it’s recorded in accounting

The difference between depreciation, amortization, and depletion

Common causes of depreciation on assets

The main methods of calculating depreciation (Straight Line & Reducing Balance)

How depreciation affects financial statements and profit calculations

📈 Why This Topic Matters:
Every business owns assets — and over time, their value decreases. Understanding depreciation helps you record this loss correctly and present a true picture of your company’s financial position.

This video simplifies depreciation with clear examples and practical explanations that make learning accounting easy and enjoyable.

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