In this episode of Debit, Credit, Done!, Dean Quartermaine takes a deep dive into depreciation — what it is, why it’s used, and exactly how to calculate it using straight-line and reducing balance methods.You’ll learn about residual value, why AAT often refers to carrying amount instead of net book value, and how to handle pro-rata depreciation when assets are bought or sold mid-year.Includes:Clear explanations of straight-line and reducing balance methodsHow residual value affects your calculationsPosting depreciation in the accountsA full worked example combining methods and pro-rataDean’s top exam tips for avoiding common mistakesPerfect for AAT Level 3 students preparing for Financial Accounting: Preparing Financial Statements, and anyone who wants to finally “get” depreciation.🎯 Challenge task included at the end to test your skills.🎧 Listen now and master one of the most tested topics in AAT accounting.

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