LESSON 21 - YEAR-END ADJUSTMENTS: Depreciation
In this lesson you will:

•  Learn the fixed instalment method of depreciation
•  About the recording of depreciation
•  Understand that fixed/tangible assets lose their value owing to usage, wear and tear, and obsolescence
•  Know that the amount by which an asset decreases in value is called the depreciation amount
•  Discuss methods of depreciation