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
LILLIAN –
Great review. Easy to understand.
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RACHEL –
wonderful examples
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KATHLEEN –
Good course. My only suggestion is that an outline be included in the text. The info really ‘clicked’ for me once I re-wrote my notes into an outline format.
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IVY –
excellent
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GEORGE –
The practice exercises and final examination helped my confidence and preparation for taking the Certified Bookkeeper Exam Parts One and Two in Augu, 2013.
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SOUMAILA –
i would like to recommende this course because is very clear ,pratical my rate will be 5
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BETTY –
Explanations were very easy to understand. Very well written. The Quizzes were very helpful.
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DAWN –
The study materials were well organized. The tests at the end of each section were very useful in building retention of the pertinent information.
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BETTY –
Good very inmormative
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TINGTIN –
Good
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YASSIN –
BEST BOOK WAS DEPRECIATION , AS FAR KNOW
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JEANNIE –
I was really impressed with the Mastering Depreciation workbook, I thought the subject matter was organized extremely well, and it took a lot of the confusion out of learning depreciation. It thoroughly prepared me for the final exam.
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BERNADETTE –
The material is very simple and easy to understand. sometimes, only a second time reading is enough to take me to the right point.
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TATSIANA –
Very interesting and useful.
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NORMAN –
The book gave a very thorough explanation of the depreciation process and all of the different methods used. Book was very well laid out, as each chapter focused on a different method and the later chapters tied everything together.
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ELLEN –
Very good book, lots of examples, thank you!
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GEORGE –
Provides great examples of various methods used to calculate and record depreciation expenses.
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GEORGE –
Provides great examples of various methods used to calculate and record depreciation expenses.
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DEBORAH –
I have learned a lot but as of yet haven’t been tested. It was clear and concise.
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DEBORAH –
I have learned a lot but as of yet haven’t been tested. It was clear and concise.
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MILICA –
Finally I understand MACRC
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MILICA –
Finally I understand MACRC
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CLINTON –
It’s very good at instructing at the introductory level on this subject
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DEBRA –
The course was broken into digestible segments. I especially liked the continuing use of PlatCo in the problems; it made the example seem “real world”.
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LUCILLE –
I did not complete the exams, I would rate 5 stars
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XIURONG –
I like depreciation course. It covers all the depreciation methods.
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GINA –
The information was presented in a clear concise manner. The quizzes after each section and the tests at the end of the book truly helped to study for the certified bookkeeper exam.
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MARGARET –
I have not read that book yet.
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AMY –
easy to follow
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ROSETTE –
Really helpful book.
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