After reviewing the assigned resources for this week, develop a depreciation spreadsheet in Microsoft Excel.
Review the four (4) video tutorials found here: www.khanacademy.org
Expensing a truck leads to inconsistent performance
Depreciating the truck
Depreciation in cash flow
Amortization and depreciation
Consider this situation:
You have decided that after you graduate, you are going to start your own business. Your business will be small, and you want to keep expenses minimal. As such, you decide to use your car as your business vehicle.
Based on your knowledge gained through this program, you know you must account for your car as an expense and depreciate it accordingly.