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Film 32 · Accounting
Fixed Assets & Depreciation
For accounting · ~1:20 · The asset card, the monthly amount, and what happens when it leaves
Manager
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a · Purpose
What does this film teach?
How a purchase that lasts years is carried on the books and written down month by month.
b · Data entry
What do you enter?
Cost, residual value and useful life
The three accounts it uses
The period to post, or a disposal
c · Where it lands
Its effect
A two-line draft entry each month
One posting per asset per period
Disposal closes the asset and books gain or loss
Next: Financial statements (Film 33)