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
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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BENEDICT –
I took this course and others to refresh my memory and I am glad I did because I understand depreciation better now than when I studied it in college years ago. I have also recommended it to a couple of my friends.
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CINDY –
Great course to learn the basics of depreciation.
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Y –
Very Good and easy to comprehend.
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ELWALEED –
I didn,t find a job as a bookkeeper but it was because most of the bookkeeping jobs required the bookkeeper to answer the phone and Iam as aforeigner get it difficult to proof that I can do it
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GERALD –
Excellent
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KAREN –
self study refresher course did not test
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ANTONY –
Excellent way to understand the entries explained in this course.
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SHAWNA –
Invaluable
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JANICE –
Great course!
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JANICE –
Great course!
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CONNIE –
Excellent refresher
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MARLISE –
Very helpful
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ENRIQUE –
Good, cover all you need to know about depreciation
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MELISSA –
Excellent resource.
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EDITH –
Very happy with material and class
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ARTHUR –
My only complain is that non of these good books available in PDF, otherwise good job!!!!
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CAROL –
I learned alot but I really need a person to explain it. I was never 100% certain I got the concept correctly.
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WALTER –
EXCELLENT COURS
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VIRGINIA –
Satisfied.
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GAURANG –
Good book but expensive
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TEXYE –
I found this very thorough. I liked that accounting concepts were explained, taught, and reinforced.
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ANNA –
good
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PAULA –
Good
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JENNY –
Found a few errors in the text, but otherwise very helpful.
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AMY –
Excellent course! I thought the explanation of the different methods of depreciation, especially the complicated methods, were easy to follow and understand. The course book will take a permanent place in my library for reference.
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SHOBHANA –
We use a software for the calculation but it is nice to know all about the depreciation.
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JOSEPH –
Very helpfull
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LINA –
Very helpful
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