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
I think overall this is a great course. At times there could have been better worded explanations, but after re-reading I was always able to figure it out. I would have liked some on-line material such as interactive problem solving. As a whole it was a great course!
excellent material
Very useful and easy to understand.
The examples put the text into examples that make it understandable and applicable.
Book and instructor covered material well.
Practice questions are helpful.
Each type of depreciation is explained with examples which help better understanding and absorption of the material. End of chapter quizes runs you through the chapter quickly. A very good thing is the solution and explainations after the quizes.
This book is very helpful to understand what Depreciation is and how it works in Bookkeeping.
This book is easy to understand & have a lot of practice make it really fun to learn it.
Enough information with out overload.
very good
It was a good course.  
Easy to understand
Is a complete manual
It increased my knowledge about depreciation.
I took a course that required this book in a spring semester. This “Depreciation” book is so helpful. It has 8 sections and each chapter is really organized along with basic explanation and some quizzes. In the class, I wrote something extra memo in the margin of each page.
It is useful
For all the books it would be awesome if there was an interactive online study material where you can do practice quizzes and tests to prepare for what it will be like st the prometric center.
The text could have separated the major problems better.
The text could have separated the major problems better.
I found the course material very fascinating.
Great
Gained practical knowledge on book and tax depreciation.
A wonderful course that will put you on top of the subject. very practical and easy to follow.
I like the quizzes, and the examples are well written.
Really good review course for the test. If you complete the book and it’s practice tests, then you should have no problem taking and passing the exam.
Complete and concise! Easy to follow!
Very thorough and to the point book. I gained very good knowledge and understanding of this skills. It is really helping me for my current study.
Took the class over 15 years ago but it was beneficial.
Very thorough and most helpful.