Depreciation

Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Coursera's depreciation catalogue teaches you about the fundamental concepts behind this essential accounting process. You'll learn about various methods of depreciation such as straight-line, double-declining balance, units-of-production, and sum-of-the-years' digits. Key topics also include understanding salvage value, useful life, and the impact of depreciation on financial statements. This knowledge will equip you to make informed decisions about asset management, budgeting, and financial reporting, whether you are an accounting professional, a business owner, or simply someone interested in financial literacy.