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
WILLY –
Excellent
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SAQIB –
Before this course, I did’t know about different ways of depreciation. I was familiar with only Straight Line method. Depreciation according to tax rules is an extremely useful and professional tool
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JESUS –
It is a complete view of the current depreciation rates and accounting procedures.
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TERRY –
great class
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YVONNE –
Excellent Course! I would highly recommend taking this course.
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YVONNE –
Excellent Course
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JULIA –
Clear and concise.
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JUDY –
Very well written for simplicity and easy to understand
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SHARON –
Very detailed and well written. Sample testing at the end of each chapter was very helpful. The book has remained in my library as a resource for referral.
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PAMELA –
There are so many different methods of depreciation depending on life year, year put in service, etc. Great workbook that explains it clearly.
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VICTORITA –
the instrucgtions they are very clear
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MICHAEL –
If you wish to finally learn depreciation theory in a simple and practial way, this is – hands down- the way to go! I refer to this course as “dereciation made simple”. Nothing beats AIPB for a job well done where teaching is concerned.
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MARILYN –
Good info.
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LINDA –
Good course, explained depreciation very well.
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YANG –
good
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DINA –
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DINA –
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DINA –
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JEAN –
Very interesting course also have an A+ for my grade
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EVA –
Very good, good practice examples
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KHALID –
very good for new students
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