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Depreciation of Fixed Assets - Coggle Diagram
Depreciation of Fixed Assets
Core Concepts
Why Assets are Depreciated
Accounting Principles
Definition of Depreciation
Methods of Depreciation
Disposal of Assets
Skills & Learning Outcomes
Calculating Depreciation (Straight Line & Reducing Balance)
Prepare Ledger Accounts
Record Disposal of Assets
Analyse effects on Financial Statements
Apply Knowledge to Exam Style Questions
Connections
Links to Accounting Concepts (Accruals, Prudence)
Link to Business Studies (Financial Decision Making)
Real World Context: Why Assets are Depreciated
Futures Link: Planning for Sustainable Asset Use
Teaching & Learning Strategies
Teacher Explanation & Worked Examples
Pair Work & Group Work
Case Study: What happens if depreciation is ignored
Visual Aids: T Accounts
Technology: Spreadsheets, Excel
Past Exam Paper Practice
Resources
Textbook & Teacher Notes
Board Examples
Sample Financial Statements
Worksheets & Exercises
Past Exam Papers & Marking Schemes
Online Tools: YouTube Tutorials
Assessment
Class Activities & Short Quizzes
Homework Exercises
In Class Testing
Past Leaving Cert Exam Questions
Reflective Questionning
Differentiation & Inclusion
Peer Support & Group Work
Challenge Problems for Stronger Learners
Colour Coding
Scaffolding for Weaker Learners