1 CPE The proper accounting for equipment and depreciation are presented in this course, focusing on straight-line, units of activity, and declining balance methods. Depreciation from an accounting point of view is defined and detailed examples are provided. Additionally, accounting for the sale of equipment is covered.
Course Series
This course is included in the following series:
11 CoursesBack to the Basics: Accounting Fundamentals
- Accounting Review: The Basics of Debits and Credits
- Transaction Analysis, T-Accounts, Debits and Credits, and Trial Balances
- Accounting Review: Overview of Financial Statements; P&L, Balance Sheet, and Cash Flow
- The Accounting Equation and Financial Statements
- Bank Reconciliations, Cash, and Internal Controls
- Accounts Receivable Training: Bad Debts
- Equipment and Depreciation
- Inventory Costing
- Purchase and Sale of Inventory
- The Adjusting Process
- The Closing Process
Learning Objectives
- Identify the characteristics of property, plant and equipment
- Discover how to calculate and record straight-line depreciation
- Discover how to calculate and record units of activity depreciation
- Discover how to calculate and record declining balance depreciation
- Discover how to calculate and record the sale of equipment
Last updated/reviewed: March 4, 2024
79 Reviews (297 ratings)
Reviews
Anonymous
()
Great refresher course on equipment and depreciation - these may not be concepts used everyday in corporate accounting, so it's nice to re-acquaint oneself with them. Highly recommend for anyone looking to brush up on their depreciation knowledge. Great instructor and videos as well!
Anonymous
(Accountant)
This course was a great refresher course on equipment and depreciation. The instructor explained the topic very well and provided very useful example of the different methods. I thought this course was very helpful and I would recommend the course to others.
Anonymous
(Vice President of Technical Accounting)
Basics were basically covered. Arguably should have covered held-for-sale accounting as would have led to different answer to an example. Seemed to inconsistently consider residual value in the review and exam questions.
Sean Flynn
(Accounting Manager at Rosemawr Management)
Good review of depreciation methods that you will see in the real world. It will ensure you understand how assets flow progressively on to the income statement, and by what pace it happens depending on the method used.
Anonymous
(Controller)
The course provides a good overview of the basics of straight line, units of activity, and double decling balance depreciation methods. It also gives good working examples for the disposal of equipment.
Anonymous
(Anonymous)
The course does a good job with giving one an overview of accounting treatment of equipment and depreciation methods. A good amount of examples drives the concepts home.
Margo Palmer
( at NA)
This was a great refresher course on depreciation methods. The instructor has a very
pleasant voice and presented the material in a basic, easy-to-understand way.
Anonymous
()
Great review on basic depreciation methods. Instructor provided easy to follow notes and examples which were helpful and helped me maintain focus on this topic.
Anonymous
(Snr Accounting Consultant, CPA)
Professor Slayter
Thank you for a good review on Equipment and Depreciation. It was easy to follow and covered the different methods of depreciation.
Anonymous
(Senior Internal Auditor)
This course was a refresher. The instructor was very effective in presenting the course materials. The time allotted for the course was appropriate.
Stephanie Pan
(Tax Associate at NFP)
Instructor was easy to understand and provided good examples in the presentation. The handouts and materials were very helpful learning tools also.
Anonymous
(Consultant)
Helpful course on depreciation and the different methods. The questions worked through are a good exercise for anyone taking the course.
Anonymous
(Senior Accountant)
Presentation very well and logically laid out with thorough explanation & reasoning. Great review and overview of Depr Exp & Accum Depr.
Anonymous
(Accounting Manager)
Good review course but I thought straight line depreciation was the easiest to implement but the test answer was double declining.
Anonymous
(Bookkeeper)
Course was easy to understand and the instructor is effective. The workbook is a great added feature to practice before the exam.
Eugene Walker
( at NASA)
Good review of some basic PP&E concepts and depreciation calculations. The instructor did a good job explaining the calculations.
Anne Heredia
(Financial Controller, GBUs and Real Esta.. at Oracle)
Course was very easy to understand and examples gave the basics of Straight Line and Double Declining. Great quick overview.
Anonymous
()
The Course covered the basics of calculating and recording depreciation for a fixed assets. Good lecture with basic examples.
Anonymous
(Auditor)
I learned a lot from this course. I recommend as the presenter clearly explains the topic and makes it easy to understand.
Tania Roberts
(Revenue Accountant at OEConnection, LLC)
This is a great review on a topic I do not typically incur at work. The examples are very helpful to employ the concepts.
Anonymous
(Accounting Manager)
Course refreshes the basics for those that are not actively/currently involved in fixed assets. Good refresher course.
Eric Cox
(Senior Accountant at Mondo)
Very basic but useful if your unfamiliar with depreciation. Also, good refresher on the non-straight line methods.
Anonymous
()
Excellent review of Depreciation calculations. I liked all the examples and the instructor's presentation style.
Anonymous
(Consultant - Process Specialist)
You'll be able to grasp the basics of accounting. This is a great starter for those new to the accounting world
Anonymous
(Accountant)
This was a good overview of the different types of depreciation. The examples used were very clear and helpful.
Anonymous
(Controller)
Great examples. Would have preferred typed text instead of his hand written presentation but it did the job.
Anonymous
(Accounting Manager)
Very easy to follow and understand. Good refresher course on depreciation methods and their calculations.
Anonymous
()
Pretty good refresher after tge break in studies. It only covers financial accounting, not tax treatment
Anonymous
(Finance)
this was a really fun class to learn about PP&E. Now I do have a better understanding about 3 methods!
Debra Johnson
( at Hagan & Johnson, CPA's ..)
Good course on the basics of depreciation methods and calculation of gain or loss on sale or disposal.
Anonymous
(Bookkeeper)
Great refresher course. Instructor goes through lots of examples and slides are easy to follow.
Carol Brunsden
(Auditor at Intelligent Software)
Great summary of fixed asset depreciation and its entries. I really enjoy this trainers courses.
Anonymous
(Senior Accountant)
Solid walk through of Depreciation and Equipment topics and standard depreciation methods used
Anonymous
()
Complicated subject. Wish there were more examples that related to the questions on the exam.
Corey Masters
(Accountant, Internal Auditor, Risk Speci.. at Self)
A good review of Equipment and Depreciation. I liked the review of disposal of equipment.
NYDIA RAMIREZ
( at PURE GUARD LLC)
The examples are excellent and easy to understand. I will continue taking more courses.
Halina Kovel
(Sr Revenue Accountant at Yelp)
great overview of PPE and depreciation methods, useful for all accounting professionals
Anonymous
(Accountant)
great course and very easy to follow as the professor was very thorough in this topic.
William Seubert
(Internal Audit Manager at Angi, Inc.)
Enjoyed the instructor's presentation style - made all concepts easy to understand.
Magdalena Bedeker
(Training and Knowledge Management Lead at Stryker)
More emphasis on the part when we sell an asset could be included in the course.
Muhammad Baig
(Managing Director at N/A)
A reasonably good course with informative material well-suited for the purpose.
Anonymous
(Assistant Controller)
Good refresher on PP&E accounting. This instructor always has good material.
Janine Malapitan
(General Accountant II at Netsuite Phils., Inc.)
Really helps for those who is starting to study equipment and depreciation.
Anonymous
(Accountant)
Simple overview. I think the exam question should show the answers graded.
James Aglikin
(Senior Consultant at Northern Trust)
Very basic overview of depreciation methods. Good fundamentals refresher.
Monte Smith, CMA
(Chief Executive Officer at Gerding Companies, Inc)
Good overview of the topic. Workbook and examples are very helpful.
Anonymous
(Senior Accountant)
Quick and easy course that provides a good overview of depreciation.
Thomas Hayes
(Clinical Associate Professor at University of Arkansas)
Well-organized. Anyone teaching financial accounting would benefit.
James Chang
( at Samis)
Pretty basic but a good refresher course. Very easy to understand.
Jennifer Hubbard
( at Scribcor Global Lease Administration)
Good course with lots of information. Would recommend to others.
Anonymous
(Accounting)
Simple, easy to understand step by step explanation of material.
Janine Korovesis
(Controller at Google)
This is a good intro to PPE. Would recommend for beginners.
Rahman Ullah
(Senior Accountant at Cardtronics)
Great summary of depreciation. Easy to follow for anyone.
Anonymous
(-)
Decent class about depreciation if you need a refresher.
Charles Elwis
(Insurance Broker at Health Guys)
No surprises. Clear aand concise review of depreciation.
Diane Eggering
(Accounting Technician at EBMUD)
This course was clear and precise. Highly recommend it.
Debbie Banks
( at Banks Accountancy LLC)
Good refresher. Very basic. I'd suggest for new staff.
Anonymous
(Controller)
Great review for beginner or advanced accountant.
Anonymous
()
Good course overall. Would recommend for beginners.
Anonymous
(Sr. Accountant)
Good review of depreciation basics. Good examples
Theodore Zeck
(Certified Public Accountant at Theodore R. Zeck, CPA)
MACRS table (or TurboTax) is easier at my age.
Anonymous
(CPA)
Good coverage of the key concepts.
Mistie (Mendoza) Aker
(Budget & Accounting Manager at DES/Division of Child Support Services)
Review of depreciation methods
Anonymous
(Production Revenue Accountant)
Good refresher of DDB method.
Steven Moore
(Certified Management Accountant; CMA at ArdentAccounting)
Good review. Thanks!
Kevin Murray
(Business Partner - Strategic Projects at The Wesson Group)
Good simple review.
Anonymous
(General Ledger Accountant)
Very educational.
Anonymous
(CFO)
great refresher
Anonymous
(Controller)
Very Informative
Anonymous
(None)
An okay review.
Tim Philips
(Controller at Self)
Good overview
Anonymous
(Fiscal Officer)
valued course
Anonymous
(Accounting Solutions Senior)
Great course!
Dennis R. Callahan
(CFO, Financial Reporting, Budgets, Inter.. at CFO Services | Fractional CFO, Financial..)
Very Good!
Patrenia McAbee
(Owner at McAbee Consulting)
Good
John Thompson
(CEO at westward mgt)
good
Anonymous
(Controller for Americas BU)
ok
SCOTT SCHMEISER
(CPA at SAS ACCOUNTING SERVICES)
.
Anonymous
(Sole Practitioner)
4
Prerequisites
Course Complexity: Foundational
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Erik SlayterAccounting Professor at Cal Poly
About Illumeo
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- Email: info@illumeo.com
- Phone: 408-400-3993
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- Av #221, Campbell, CA 95008
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