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
JIE –
Great and help
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YUKA –
The book is very good. Explanation is clear and examples helped me a lot.
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SARAH –
I was able to use it successfully to pass my AIPB Depreciation test.
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MYRA –
I now totally understand depreciation. The information is well written and easy to follow.
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NINA –
Great content
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PAULA –
Manuel covered depreciation methods in an easy to understand approach.
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YANG –
very clear, understandable and practical lessons and Quiz problems
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JOSE –
Great material.
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LORI –
I am enjoying this course.
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DELIA –
More on the subject. Very informative and clear on the material.
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CIELITO –
Good
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XIANGHUA –
It is not hard.
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ZULEMA –
This was a good refresher course for me.Easy read and good examples!
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JANET –
One of the best resources I have ever seen with details about how depreciation works.
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JANET –
One of the best resources I have ever seen with details about how depreciation works.
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ELLEN –
This was a good refresher course for me. Learned some new information as well. Examples are helpful. Well written and easy to understand.
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ELLEN –
This was a good refresher course for me. Learned some new information as well. Examples are helpful. Well written and easy to understand.
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XIN –
Easy read and good examples!
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XIN –
Easy read and good examples!
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MUHAMMAD –
Course curriculum its really professional. Its recall my mind which I had study before.
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