Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Business Studies
Lesson Topic: non-current assets, e.g. property (land and buildings), machinery
Learning Objective/s:
  • Describe the purpose and three main sections of a statement of financial position.
  • Identify and classify non‑current assets (land, buildings, machinery) and explain why land is not depreciated.
  • Calculate straight‑line depreciation for buildings and machinery and determine net book value.
  • Record non‑current assets and accumulated depreciation correctly in a balance‑sheet format.
  • Explain how non‑current assets are presented in the statement of financial position.
Materials Needed:
  • Projector or interactive whiteboard
  • Printed worksheet with balance‑sheet template
  • Calculator for depreciation calculations
  • Sample asset cost cards (land, building, machinery)
  • Whiteboard markers and flip chart
 Introduction:

Begin with a quick visual of a balance sheet and ask students what they think “assets” and “liabilities” mean. Link this to their prior knowledge of current assets and introduce today’s focus on long‑term (non‑current) assets. Explain that by the end of the lesson they will be able to record and depreciate these assets accurately.
Lesson Structure:
  1. Do‑now (5’) – Quiz on assets vs. liabilities using printed cards.
  2. Mini‑lecture (10’) – Overview of the statement of financial position and definition of non‑current assets.
  3. Guided practice (12’) – Calculate straight‑line depreciation for a sample machine (cost £30,000, residual £5,000, life 5 years).
  4. Group activity (15’) – Using the worksheet, students fill in a balance sheet with land, buildings, and machinery data, then compute net book values.
  5. Class discussion (8’) – Review key points, clarify why land is not depreciated and how accumulated depreciation is shown.
  6. Exit ticket (5’) – Each student writes one key difference between land and buildings/machinery depreciation.
Conclusion:

Recap the steps for recording non‑current assets and calculating depreciation, emphasizing the impact on net book value. Collect exit tickets to gauge understanding and assign a short homework task: students must prepare a mini statement of financial position for a fictional business using given asset figures.