Sum of the Years Digits Depreciation | Accounting How To | How to Pass Accounting Class

Sum of the Years Digits Depreciation | Accounting How To explains how to figure sum of the years digits depreciation, how SOYD depreciation impacts the income statement and the balance sheet. It discusses the benefits of SOYD and how using Sum of the Years Digits as a depreciation method can be an appropriate depreciation method. This video is part of a five-part series covering all aspects of depreciation. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of the playlist series How to Pass Accounting Class and Understanding Adjusting Journal Entries. ⏰ Accounting How To Time Stamps: 00:00 Introduction 00:39 Depreciation Example #1 Ford F350 05:18 Depreciation Example #2 Hobart Mixer 06:30 Depreciation Example #3 Forklift 🏋 Depreciation Exercises: Download the spreadsheet: https://docs.google.com/spreadsheets/d/17Yy-Fja68XNibWJ1X_oIVx5Ex76QHkygqtRjv3ZSR8Y/edit?usp=sharing 🎥 Accounting How To Playlists 🎥 Depreciation Methods Playlist https://youtube.com/playlist?list=PLPDomDzptO10JO-F-YYtIlnhZEkROlIxW 🎥 Understanding Journal Entries Playlist https://www.youtube.com/playlist?list=PLPDomDzptO11Z6lG0AiXrfv4pSatjaK4F