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
WENDY –
The course material was informative and well paced.
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YVONNE –
taught new things I did not know
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CHARLES –
Still working on studying this book. Have been very happy with the books put out for studying for the exams. They have been very helpful and easy to undertand. The exams are very helpful as well.
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DAVID –
Satisfactory study guide
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DEBBIE –
must be me, but couldn’t wrap my head around it
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KIMBERLY –
Material was easy to read and the samples really helped.
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PING –
It’s a good book and easy to understand.
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DENISE –
It is one of the hardest areas for me to understa, but I have reread and reread the book. Now I am having someone tutor me – they say the book is great and that this topic is very hard for some people. I must be one of those. I took the test and did not get the questions right – I am working on re-taking the test. I like your process with these courses! I will continue to take your courses.
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MICHALE –
It has been a few years but all I felt it was a very good review and explained things to where it was easy to follow. The practice exercises help reinforce the material.
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KAREN –
I was never crazy about depreciation theory, but the clarity of this textbook was helpful.
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PAMELA –
I hate depreciation but the course was informative
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STEPHANIE –
I found this workbook to be understandable. I have referred back to it often during college courses in order to refresh my memory since it was easier to understand than the college text.
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SWAN –
Great review book of tax and GAAP depreciation methods. This reinforced what I learned about depreciation of what I learned in tax and financial accounting
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BETH –
Good overview
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DIANE –
Good learning tool
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SHERRY –
Good information.
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MARSHALL –
execellent
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LAURA –
Excellent course.
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MALATHI –
Even though I do not use it, it is helpful.
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GREGORY –
Educational
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SUSAN –
Easy to understand. I really like the way these books are all broken down to easy to read chapters and then the reviews throughout the book.
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DIANE –
Difficult subject handled pretty well. Could use a little more explanation of each type and more practice work.
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SARAH –
Complete depreciation explanation
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JULIA –
Brief, concise and informative which was used as a reference manual.
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DEBRA –
I picked up many pointers from this course
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WHITNEY –
Simplified and easy to follow instructions.
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HEATHER –
this was very helpful to me and the material was well laid out.
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KENT –
I find all of AIPB’s courses very through and informative. I found the course content easy to understand.
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DEANNA –
Very helpful and inforamtive.
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JEANNINE –
In my current position, I only have a need for straight-line and federal tax depreciation methods. It was a good strengthening course for those two methods and a good course to learn the alternate forms of depreciation.
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