Depreciation Introduction - Part 2 | Basic Numerical of Depreciation | class 11 | session ( 2023-24)

Depreciation is a concept that affects both individuals and businesses, yet it's often shrouded in confusion. In this video, we'll demystify depreciation, making it easy to understand for everyone. Whether you're a student studying finance, a business owner, or simply curious about how assets lose value over time, this video is for you.
In this video, we cover:
1. *What is Depreciation?* - We start with the basics, explaining what depreciation means and why it's important to account for it.
2. *Why Does Depreciation Happen?* - Understand the factors that cause assets to lose value, such as wear and tear, obsolescence, and more.
3. *Methods of Depreciation* - Explore different depreciation methods, including straight-line depreciation, declining balance, and units of production.
4. *Impact on Businesses* - Learn how businesses use depreciation to allocate costs and calculate taxable income.
5. *Asset Types* - Discover how different types of assets, like machinery, vehicles, and buildings, are depreciated differently.
6. *Tax Implications* - Understand how depreciation affects your taxes, including deductions and credits available for businesses.
7. *Real-Life Examples* - We provide practical examples to illustrate how depreciation works in everyday situations.
8. *Depreciation vs. Amortization* - Learn the difference between depreciation and amortization, two commonly confused concepts.
By the end of this video, you'll have a clear grasp of depreciation and its significance in financial decision-making. Whether you're managing your personal assets or running a business, understanding depreciation is essential for sound financial planning.
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Disclaimer: This video provides general information about depreciation and should not be considered as financial or tax advice. For specific guidance related to your situation, consult with a qualified financial advisor or accountant.

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