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Career Paths Accounting SB-34 PDF

The document discusses depreciation of assets for accounting purposes. It provides information on different types of depreciation schedules that can be used, including straight-line depreciation and accelerated depreciation. Straight-line depreciation reduces the value of an asset at a steady rate over time, while accelerated depreciation reduces more value in the early years when assets tend to lose value more quickly. The best depreciation method to use depends on how quickly an asset loses value over time. The document also notes that most objects lose value through depreciation except for real estate.

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356 views

Career Paths Accounting SB-34 PDF

The document discusses depreciation of assets for accounting purposes. It provides information on different types of depreciation schedules that can be used, including straight-line depreciation and accelerated depreciation. Straight-line depreciation reduces the value of an asset at a steady rate over time, while accelerated depreciation reduces more value in the early years when assets tend to lose value more quickly. The best depreciation method to use depends on how quickly an asset loses value over time. The document also notes that most objects lose value through depreciation except for real estate.

Uploaded by

Yanet
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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0 Fill in the blanks with the correct words and phrases

from the word bank. Speaking


BANK 0 With a partner, act out the
roles below based on Task 7.
straight-line depreciation Then switch roles.
accelerated depreciation depreciable assets
USE LANGUAGE SUCH AS:
obsolescence depreciation schedule
I bought a ... is it an expense or ...
1 Use _ _ _ _ _ _ _ _ with the car; it loses value Which depreciation schedule do
quickly in the first years. you ... ?
2 Use to reduce value at a steady rate. How about using the ...?
3 How an asset loses value determines what
_ _ _ _ _ _ _ _ should be used.
Student A: You are calling an
4 Most objects that hold value, except real estate, are
accountant. Talk to Student B
about:
5 Electronic assets like computers and cell phones suffer
• a purchase
• depreciation schedules
0 g Listen and read the memo again. What is meant by • which to use
the term depreciation?
Student 8: You are an accountant.
Answer Student A's questions.
Listening
0 g Listen to a conversation between an accountant
and her client. Mark the following statements as true Writing
(T) or false (F).
1 _ The man recently sold an air conditioner.
0 Use the memo and the
conversation from Task 8 to
2 _ The woman recommends straight-line depreciation. fill out the letter to a client.
3 _ Straight-line depreciation is the most complicated Make up names for the client
method. and accountant.

0 g Listen again and complete the conversation.


Dear--~

Accountant: Hello, Tony. What can I do for you?


I received your request for information
Client: Well, I 1 a new air conditioner.
Is it an expense or a depreciable asset? about depreciation. Here are some
details about depreciation and the
Accountant: An air conditioner? That's a depreciable asset.
different depreciation schedules that
Client: OK. So, I need to 2 depreciation to
keep my books 3 _ __ you can use.
Accountant: Right. Which depreciation schedule do you want to
use?
Client: I don't know. I want something simple and easy.
Accountant: 4 using the straight-line method?
That's the 5 _ __ Cordially,
Client: That 6 _ _ _ _ _ _ to me. --- --~CPA

33

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