204 pages [122 self-teaching + 82 self-quizzes with detailed answers]
Section 1: Depreciation for book v. tax purposes. Two ways to compute depreciation. Recording depreciation if the financial statements must undergo a compilation or review.
Section 2: Depreciation under GAAP (for book purposes). Determining the cost of an individual asset v. group of assets v. contributed assets under generally accepted accounting principles (GAAP). Determining the asset’s estimated life, residual value and book value. Journal entries for a manufacturing v. nonmanufacturing company. How depreciation appears on the financial statements.
Section 3: The straight-line method. How to compute, allocate and book straight-line depreciation. How to set up and maintain the depreciation schedule using this method.
Section 4: The units of production method. How to compute, allocate and book units of production depreciation. How to set up and maintain the depreciation schedule using this method.
Section 5: The declining balance method. How to compute, allocate and book declining balance depreciation. How to set up and maintain the depreciation schedule using this method.
Section 6: The sum-of-the-years’-digits method. How to compute, allocate and book sum-of-the-years’-digits depreciation. How to set up and maintain the depreciation schedule using this method.
Section 7: Depreciation for tax purposes. How to depreciate equipment and buildings under MACRS. How to apply the half-year convention . . . mid-quarter convention . . . mid-month convention. How to use IRS tables. Applying the Section 179 deduction. How to set up and maintain the tax depreciation schedule.
Section 8: Depreciating vehicles for tax purposes. Annual IRS limits for cars. How IRS limits apply to unmodified SUVs, pickups and vans weighing up to 6,000 lbs. Sec. 179 and depreciation if these vehicles are modified or weigh over 6,000 lbs. How to handle employee personal use of company vehicles in a sole proprietorship, S corp, C corp or partnership. How to set up and maintain the tax depreciation schedule.
Publisher: AIPB
It was a good reference manual.
Hardest section of all!!
The book is easy to read and understand.
Even with the update this book is well written.
I enjoyed all 6 courses. And was very happy with my new understanding of bookkeeping.
very good
Up to date, very challenging.
It was good, but its deprecation, I still dont get the point of it over Tax depreciation.
I think the books don’t help that much. I also think that in the text everything is total different from what it is in the book. The book should has more Journal Entries examples.
I guess it’s good.
easy to understand
Covers the topic thoroughly.
Clear and very detailed .
Very Good
This was very good, My Depreciation a great review
I rate this courses is as wast of time and money last six months I was keep appling for job but there is no response from any employer except some fake response. Most of the fake responses are coming by using AIPB job site informations.
I had hoped for more tax related information, especially related to alternative tax requirements.
Good info.
excellent, good information for refresher and understanding for tax purposes
excellent course
Another very well done course on a complex subject.
Very detailed.
I think the books would be especially helpful for someone who has very little experience, and no formal education in bookkeeping.
Great Course
Easy to follow and understand. I have not taken my certification test yet so I cannot rate the content as it relates to that although I am confident that these study materials are sufficient since the first two were.
.
The course material is very clear and easy to understand. More notes or information is required on Bonus depreciation.
This book explained all parts of depreciation very easy and simple way.
This book explained all parts of depreciation very easy and simple way.
Overall the study is beneficial.