Lesson Plan

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Lesson Plan
Grade: Date: 25/02/2026
Subject: Accounting
Lesson Topic: make adjustments for provision for depreciation using the straight line, reducing balance and revaluation methods
Learning Objective/s:
  • Describe why a provision for depreciation is required for sole traders.
  • Apply straight‑line, reducing‑balance and revaluation methods to calculate annual depreciation.
  • Prepare the correct journal entries to adjust the provision for depreciation.
  • Update the trial balance and revaluation reserve after a revaluation adjustment.
Materials Needed:
  • Projector or interactive whiteboard
  • Printed worksheet with depreciation tables
  • Calculator or spreadsheet software
  • Sample journal entry handout
  • Whiteboard markers
  • Example asset cards (cost, residual value, useful life, rate)
 Introduction:
Begin with a quick real‑world example of a delivery van losing value over time to hook students. Review the previous lesson on recording asset purchases and the concept of provisions. Explain that today’s success criteria are to correctly compute depreciation by three methods and record the appropriate journal entries.
Lesson Structure:
  1. Do‑now (5’) – students calculate depreciation for a given asset using straight‑line on a worksheet.
  2. Mini‑lecture (10’) – recap purpose of depreciation provision and introduce reducing‑balance method with formula.
  3. Guided practice (12’) – teacher models journal entry for reducing‑balance on the board; students complete a similar example.
  4. Revaluation method (10’) – demonstrate steps using a flowchart; students work in pairs to adjust provision for a revalued asset.
  5. Consolidation activity (8’) – mixed‑method quiz on Kahoot/handout; immediate feedback.
  6. Check for understanding (5’) – exit ticket: write the journal entry for one method of their choice.
Conclusion:
Summarise the three depreciation methods and how each impacts the provision and trial balance. Ask students to complete an exit ticket stating which method they find most suitable for different asset types. Assign homework to finish the worksheet calculating depreciation for two additional assets using all three methods.