Topic:
Depreciation
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Content/Sub-Topics:
Definition of depreciation
Causes of depreciation
Elements of depreciation to be considered in the computation of depreciation
Methods of depreciation
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Learning Objective:
At the end of the lesson , students should be able to
Define depreciation
State the reasons for depreciation
State the elements to be considered when calculating depreciation
Answer question as regards depreciation
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Previous Knowledge:
The students have an idea on why goods cannot be sold at the particular price it is bought.
Teaching / Learning Activities :
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Starter:
The students are asked a brainstorming question
“ If you buy a shoe for #3000 . 4 years ago can you sell it at the same price.
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Differentiation (Individual):
Individualize education plan will be employed to attend to slow learners.
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Differentiation Groups / Students Activities:
Discuss on the causes of depreciation
State the elements to be considered when calculating depreciation
Discuss on the methods of depreciation
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Teacher’s Planned Activities / Presentation:
The teacher will
Introduce the topic
Stimulate the students through the use of previous knowledge and starter
Present the topic
Give assessment
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Resource Materials / ICT Inclusion
Essential Accounting by O.A Longe Page 119
Format of depreciation
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Vocabulary / New words:
Sum of the year digit
Depletion
Passage of time
Estimated time
Scrap
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Formative Assessment
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Post Lesson Assessment/ Homework
State and explain the various methods of depreciation.
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Number of students present:
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4.
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Number of students absent:
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5.
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1.
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6.
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2.
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7.
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3.
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8.
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Summary Note:
NOTE GUIDE
Definition of depreciation
Reason for depreciation
Causes of depreciation
Elements to be considered when calculating depreciation
Methods of depreciation --------
a. Straight line
b. Sum of the year digit
c. Diminishing or reducing method
d. Straight line
e. Sinking fund method
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Summary Note Cont. (Diagrams):
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References: Essential by O A longe Page 119 . Chapter 14
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Learning Indicator:
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Learning Outcome:
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H. L.C Check after teaching:
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Sign/Date:
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Academic Officer’s Check:
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Sign/Date:
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