Module 14: Fixed assets and depreciation
Capitalizing assets, straight-line depreciation, and disposals.
1. Capitalizing fixed assets
What goes into an asset's cost, when to capitalize versus expense, and why policies matter.
About 8 minutes · 4 practice sets · Pro practice
2. Straight-line depreciation
Compute annual and monthly straight-line depreciation with salvage value and an explicit rounding rule.
About 8 minutes · 4 practice sets · Pro practice
3. Partial-year depreciation
Depreciate assets placed in service mid-year using the monthly convention.
About 8 minutes · 2 practice sets · Pro practice
4. Disposing of fixed assets
Remove an asset and its accumulated depreciation and record a gain or loss on sale.
About 8 minutes · 2 practice sets · Pro practice