Session 8 - Introduction to Depreciation

Session Plan : Introduction to Depreciation

1️⃣ 0–5 min: Introduce the concept of depreciation and its need in accounting.
2️⃣ 5–15 min: Explain causes, need, and characteristics of depreciation.
3️⃣ 15–30 min: Demonstrate computation with simple examples and methods.
4️⃣ 30–40 min: Class discussion – effects of depreciation on profit and asset value.
5️⃣ 40–45 min: Recap major points and review 5 important exam questions.

Lecture Material : (PDF, PPT)

Introduction_to_Depreciation.pptx

Learning Material (IV Quadrant Approach)

(Q1) : Text and Image based Content (PDF/Image Formats)

Depreciation introduction.pdf

(Q2) : Video Based Content (Youtube)

(Q3) : Formative Assessment (Google Form/Any Other Online Quiz Platform)

(Q4) : Further Reading

Recommended Books & Texts

Accounting for Business (3rd ed) — A textbook focused on how accounting supports business decision-making and is suitable for non-specialist managers and business students. Goodreads
Accounting for Business Studies by Aneirin Owen — Integrates accounting with business & management studies, emphasising the commercial context. Routledge
Business Accounting (v.2.0) (free online text) — Covers many fundamental accounting topics; good for self-study. 2012 Books
Accounting, The Language of Business by JoAnn Wood — Openly-licensed, explains accounting as a communication tool in business. Boise State Pressbooks

Useful Online Resources

Open Textbook Library: “Accounting Principles: A Business Perspective” and others — free downloadable textbooks covering core accounting topics. Open Educational Resources
Guides listing recommended books for accounting and business: e.g., “Business Recommended Reading by Subject: Accounting”. BYU Library Guides+1
Articles on accounting fundamentals: e.g., “What Is Accounting? | Introduction to Business” explains accounting as the language of business.

Key Questions

Important Questions

Define depreciation and explain its accounting importance.
State any four causes of depreciation.
What are the main objectives of providing depreciation?
Distinguish between Straight-Line Method and Written Down Value Method.
Explain the accounting treatment of depreciation with a journal entry.

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