Accounting 3-4 Lesson Plans
Chapter 21: Accounting for Plant Assets And Depreciation
Lesson Topic: Categories of Assets
Buying Plant Assets and Paying Property Tax
Calculating Depreciation Expense
Journalizing Depreciation Expense
Disposing of Plant Assets
Declining-Balance Method of Depreciation
Accounting for Plant Assets and Depreciation
Standard A: Complete the various steps of the accounting cycle and explain the purpose of each
step for a corporation.
Standard B: Determine the Value of assets, liabilities and owner’s equity according to generally
accepted accounting principles, explaining when and why they are used.
Standard D: Apply appropriate accounting principles to various forms of ownership, payroll,
income taxation, and managerial systems.
1. Define accounting terms related to plant assets, property tax expense and
2. Identify accounting concepts and practices related to plant assets and property tax
3. Recording the buying of a plant asset and the paying of property tax.
4. Identify accounting concepts and practices related to depreciation.
5. Calculate depreciation expense and book value using the straight-line method of
6. Prepare plant asset records and journalize annual depreciation expense.
7. Record entries related to disposing of plant assets.
Length of Lesson:
__ Class Periods
Materials, Equipment, and Supplies needed:
Transparency L: Blank Cash Payments Journal (5-column)
Transparency M: Blank General Journal
Transparency O: Blank Cash Receipts Journal (8-column)
Working Papers: Teacher’s Edition of the Working Papers for Chapter 21
Microsoft Excel Software
Lesson Activities and Procedures:
1. Explain and demonstrate recording the buying of a plant asset, p. 548.
2. Explain and demonstrate calculating and paying property tax, p. 549.
3. Work Together—Journalizing buying plant assets and paying property tax, p. 550.
4. On Your Own—Journalizing buying plant assets and paying property tax, p. 550.
5. Application 21-1 Journalizing buying plant assets and paying property tax, p. 569.
6. Explain depreciating plant assets, p. 551.
7. Explain and demonstrate calculating straight-line depreciation, p. 552.
8. Explain and demonstrate calculating depreciation expense for part of a year, p. 552.
9. Explain and demonstrate calculating accumulated depreciation and book value, pl. 553.
10. Work Together—Calculating depreciation, p. 554.
11. On Your Own—Calculating depreciation, p. 554.
12. Application 21-2 Calculating depreciation, p. 569.
13. Explain and demonstrate preparing plant asset records, p. 555.
14. Explain and demonstrate journalizing annual depreciation expense, p. 556.
15. Explain and demonstrate posting an adjusting entry for depreciation expense, p. 557.
16. Work Together—Journalizing depreciation, p. 558.
17. On Your Own—Journalizing depreciation, p. 558.
18. Application 21-3 Preparing plant asset records 569.
19. Application 21-4 Journalizing annual depreciation expense, p. 570.
20. Explain and demonstrate recording the sale of a plant asset for book value, p. 559.
21. Explain and demonstrate recording a plant asset’s depreciation expense for a partial year,
22. Explain and demonstrate recording the sale of a plant asset for more than book value, p. 561.
23. Explain and demonstrate recording the sale of a plant asset for less than book value, p. 562.
24. Application 21-5 Recording the disposal of plant assets, p. 570.
25. Application 21-6 Calculating depreciation using the double declining-balance depreciation
26. Mastery Problem 21-7 Recording transactions for plant assets, p. 570.
27. Challenge Problem 21-6 Calculating a partial year’s depreciation using the double declining-
balance method, p. 571.
1. Working Papers Test
2. Chapter 21 A Test
Teaching Models: (indicate # of times each model is used in the module)
Memory/Mnemonics Graphic Organizers X Inquiry
Progressive Part Method Concept Attainment Simulations
Advance Organizer X Concept Formation Jurisprudential
X Lecture Concept Presentation Direct Instruction
Reciprocal Teaching X Conceptualization Training Model
X Mastery Learning Inductive Thinking Synectics
Cooperative Learning Deductive Others (identify)
Model of Curricular Technology Utilization Pre-Identified Web Sites
Integration (Check all that apply)
Fragmented Word Processing
Shared Imaging (cameras, scanners Level’s of Bloom’s Taxonomy
etc.) (# of times each is used)
Webbed Web Searches X Knowledge
Threaded Multimedia X Comprehension
Integrated Desktop Publishing X Application
Immersed Video X Analysis
Networked CAD Synthesis
Other (explain) Evaluation
Are you working with student teams in this module? Please check one Yes No
Student Artifacts (Check all that will be used):
Written Report Notebook/Journals Models (physical/graphic)
Posters Multimedia Web Pages
Debates Classroom Presentation X Other (Explain):
Automating Application Problem
18-6 and 18-7