Finicade
Bookkeeper Lv 1
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Level 13 · ◆◆ · ~11 min

Long-Lived Assets and Depreciation

What to capitalise, how fast to depreciate it, and what happens when it's sold or impaired.

"A machine's cost is spread over the years it works. How it is spread is a choice, and so is what counts as cost."

Capex vs Opexdepreciationstraight-line depreciationdeclining-balance depreciationImpairmentAmortization of Intangiblesgain on disposalgoodwilluseful life
🚀 You're jumping ahead. This builds on Inventory and Cost of Goods Sold — but play it now and you'll still earn full XP. If it feels steep, those make a gentler on-ramp.

A short lesson, then a quiz. ❤️×3 — a wrong answer costs a heart; finish with at least one left and the level is yours. Lose all three and you'll have to try again. Replay any time — XP and cleared levels are never lost.