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
VICTORIA –
This was a great learning tool. Great explainations and quizes to test what was learned.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ANNETTE –
This course has been a great asset to my knowledge in my current position as Office Manager/CFO. Not only with the schedules tracking our company’s assets but with cost reporting also.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ADRIANA –
The Material is practical and you can dominate the subject very fast
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
PAMELA –
The explanations were very good.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
AMITABH –
Simple and Great
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
LINDA –
showed the calculations easier.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
AUGUSTINE –
Ready to expand your knowledge? This is for you.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
RAJPATTY –
My reference tool
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MARTINS –
Mastering depreciation is quite interesting and covers wide range of depreciation topics.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
CAROLYN –
Marterial came in handy and was helpful while studying for my Enrolled Agent Exam.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JENNIFER –
Makes depreciation make sense!
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JENNIFER –
Learned a few new things that I did not know.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JENNIFER –
Learned a few new things that I did not know.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KIANOUSH –
It was great.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KIANOUSH –
It was great.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
TOICHIRO –
It is well organized to understand the concept of depreciation.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JOSE –
Is a complete course. Good explanations, clear examples in other words is awesome.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
BEVERLY –
I’ve enjoyed all of the courses that I have taken. Have not have time to complete them all yet.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KATALIN –
I liked the course because it is very technical and practical.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ANNA –
I learned alot from the book which made it easier to take the exam.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DONNA –
I am getting ready it has been a good book to help me prepare for the exam
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal