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
This course material helps to understand the real world.
This course and the inventory course were the two I had to spend the most time on. Glad I did because it rounded out my abilities as an accounting person.
These are for everyday bookkeeping life. I refer back to these books all the time.
The depreciation course did cover all the important aspects of this area of accounting. I felt this course was well prepared and would be a good introduction for depreciation concepts.
not all the depreciation methods are included, but still easy and very well educating books.
No comments.
It was very helpful as a resource
It has been quite a while since I took these courses but I thought they were all easy to follow, gave good practice questions and gave a good overview of the subject.
Information was useful.
I was able to learn more deeply in accounting field.
Helpful in understanding a topic addressed once a year
Great!
great course
good course, need to provide updated information to those who have completed the course
good
Excellent review and reinforcement source.
Depreciation is a huge undertaking to understand all the types of depreciation. Workbook breaks it down. Easy to learn.
Another great course – loved working on the problems and then checking the answers. I have recommended AIPB to people I work with.
ALTHOUGH I DID NOT TAKE THE COURSE ONLINE, THE BOOK WAS VERY HELPFUL AND SO WAS THE CLASS INSTRUCTOR.
A thorough course on methods of depreciation. Explains formulas and methods very well.
a little tricky when taking the test. had to reread and retake the test
5
Very good
very clear and concise
This was a very worthwhile course on depreciation especially on income tax depreciation.
This is a course that is very necessary to the bookkeeping and tax profession.
See above
Rate 4 stars
pretty good book.
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