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
Good overview.
ok
ok
best course .
best course
5 stars
5 stars
Very good refresher course on Depreciation
Very good refresher course on Depreciation
Very, very practical, and pretty straightforward.The workbook is very well structured and is quite easy to follow the contents.Highly readable. Most of all, clear, direct concepts and very practical book.
Very, very practical, and pretty straightforward.The workbook is very well structured and is quite easy to follow the contents.Highly readable. Most of all, clear, direct concepts and very practical book.
It’s really completed
It’s really completed
It was very useful
It was very useful
Good coverage, good quiz material
Good coverage, good quiz material
It helpe me to understand how to depreciation the equipment, residential and non residential buildings and become familiar with different kind of depreciation methods.
Great, easy to understand. Good examples and quizzes.
Would like the opportunity to ask a question of the author of the final exam found in back of book.
Very thorough, practice problems and quizzes are helpful.
Very easy to follow and laid out perfectly. The chapter quizzes really help to master the topic.
Great materials! Kudos to the writers of this book.
good read
Excellent
clear and concise
The depreciation material provided great wealth of information.
I have used AIPB products for over 12 years. The courses are well written and detailed. It is a great product
Depreciation is the same in my Country Colombia.
I’m not a native English speaker, however, this course has the necessary and correct information to understand the Accounting cycle as well the test program. I’m so glad for it!