CTE Task: Depreciation
In this task, students will practice calculating depreciation using various methods (e.g., straight-line, double-declining, and sum-of-the-years’ digits).
- Career Cluster: Finance
- Program of Study: Accounting
- Course name(s): Accounting II
- Main topic: Depreciation
Accounting II, Standard 9: Define depreciation in accounting contexts and determine the impact of depreciation on a variety of goods in different industries (i.e., manufacturing, agriculture, retail services, and more). For a selected firm in one of these industries, analyze and journalize acquisition, depreciation, and disposal of a plant asset, then calculate depreciation using the straight-line, declining balance, and sum-of-the-years’ digits methods.