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
JANE –
Very thorough and most helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JOANN –
Good overview.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JANINE –
ok
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JANINE –
ok
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MD –
best course .
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MD –
best course
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
NATHANIEL –
5 stars
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
NATHANIEL –
5 stars
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MARIZEL –
Very good refresher course on Depreciation
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MARIZEL –
Very good refresher course on Depreciation
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ANGEL –
Very, very practical, and pretty straightforward.The workbook is very well structured and is quite easy to follow the contents.Highly readable. Most of all, clear, direct concepts and very practical book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ANGEL –
Very, very practical, and pretty straightforward.The workbook is very well structured and is quite easy to follow the contents.Highly readable. Most of all, clear, direct concepts and very practical book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SAUL –
It’s really completed
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
SAUL –
It’s really completed
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
TODD –
It was very useful
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
TODD –
It was very useful
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DEBRA –
Good coverage, good quiz material
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
DEBRA –
Good coverage, good quiz material
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
PEZHMAN –
It helpe me to understand how to depreciation the equipment, residential and non residential buildings and become familiar with different kind of depreciation methods.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
TAMMIE –
Great, easy to understand. Good examples and quizzes.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
NANCI –
Would like the opportunity to ask a question of the author of the final exam found in back of book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
ANNE –
Very thorough, practice problems and quizzes are helpful.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
KATHRYN –
Very easy to follow and laid out perfectly. The chapter quizzes really help to master the topic.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
YU –
Great materials! Kudos to the writers of this book.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
TIM –
good read
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
RAM –
Excellent
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JOYCE –
clear and concise
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
JOAN –
The depreciation material provided great wealth of information.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
RONALD –
I have used AIPB products for over 12 years. The courses are well written and detailed. It is a great product
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal
MIGUEL –
Depreciation is the same in my Country Colombia.
Upvote if this was helpful (0) Downvote if this was not helpful (0) Flag for removal