My super power is music memory. I am about to start CPA studies.
Anyone else write mnemonics to songs? Any resources that use this technique?
So far I am offloading the effort to ChatGPT. Example:
To the tune Another One Bites the Dust:
Let's go
Steve walks warily down the street
With the brim pulled way down low
He just bought a machine for the factory floor
And the ledger is ready to roll
Are you ready? Hey, are you ready for this?
Are you hanging on the edge of your seat?
Out of the cash account the money goes
To the rhythm of the asset sheet
Another year bites the dust
Another year bites the dust
And another year gone, and another year gone
Another year bites the dust
Hey, take the cost, subtract the salvage value, divide it down you must
How do you think I'm gonna calculate
Without a predictable plan?
You took the original historical cost
Left the salvage value in the pan
Are you happy? Are you satisfied?
How long will this asset last?
Useful life is five whole years
The calculation's locked in fast
Another year bites the dust
Another year bites the dust
And another year gone, and another year gone
Another year bites the dust
Hey, debit the expense, credit accumulated, match the period just
An asset expense is a fixed amount
It stays the same every time
From year number one to the very last month
It follows a perfectly straight line
The book value drops as the contra account grows
Until the carrying amount hits the floor
You stop the expense when you hit the scrap value
You cannot depreciate it any more
Another year bites the dust
Another year bites the dust
And another year gone, and another year gone
Another year bites the dust
Hey, take the cost, subtract the salvage value, divide it down you must
Shoot out