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
GUILLERMINA –
I’m not a native English speaker, however, this course has the necessary and correct information to understand the Accounting cycle as well the test program. I’m so glad for it!
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MANAYE –
Excellent!!!
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KAREN –
Straight forward book.
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SILVIA –
The information is very clear. I like the examples & the practice test.
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RONALD –
Valuable and precise
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KATHY –
I learned a lot about that tax side of depreciation. I always just ran reports out of the fixed asset software so the accounting firm could do the taxes. I never really knew what it all meant. Now I do!
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LYNDON –
Very well presented in the proper order, from simple to most compreshensive. Great review for one that has not worked with Depr too much within the last 10 years.
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SUSAN –
Thoroughly enjoyed it. The book was well structured and the quizzes and final were well written.
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MAURICIO –
Very nice explain
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MISLEIDY –
Very good course, I learned a lot. Thanks for this opportunity of studying online. It was an amazing experience, and I recommend to others.
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GRACE –
Well done.
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KRISHNA –
The material is very justified
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ALEXIS –
Not a fan of the topic, but material was easy to read through.
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HONG –
if there have more quiz, that would be better.
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LUIS –
This course helped me master depreciation.
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DANIELA –
Great course
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YUSMERITH –
Excellent
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ANNETTA –
It is because of this course that I was successful in passing this part of the exam.
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GINA –
Overall materials to study are good and prep for exam.
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MARY –
Good refresher course on various depreciation methods.
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GNENESSION –
I don’t have no particular review to make. In this course, I learned most about the depreciation.
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YIM –
the course contents are easy to understand and precise. I would continue to take some other courses and would expect their contents to give more examples of how to manage it practically.
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THERESA –
Various methods for calculating depreciation according to GAAP and IRS explained clearly and demonstrated by the math involved.
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RAMIE –
Module is very detailed covering IRS treatment versus GAAP
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IN –
good.
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MENGLU –
Very useful and helpful
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RAMESHWOR –
It is Good and easy understanding the depreciation methods and it would be easy for exam
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ANDREANA –
Great material
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JANINE –
This course offers a great overview of asset depreciation. In addition to straight line depreciation it addressed other methods that I had not yet been exposed to so I found it very helpful to gain this knowledge.
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JOSE –
This course is very professional, very instructive and examples and questionnaires were so helpful. Many thanks!!!
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