Webinar (AICPA): Capitalized Costs and Depreciation


Gain a comprehensive and practical understanding of the various complex tax laws dealing with property transactions from acquisition to disposition. This course provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions and sale of property. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings for C Corporations and S Corporations. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.

Learning Objectives

– Calculate the initial tax basis and adjusted tax basis of business property.

– Recall how to determine the tax basis of self-constructed assets.

– distinguish between deductible repairs and capitalized improvements under new tax provisions.

– Indicate the proper classification of expenditures for tax purposes.

– Recall recent changes in the tax rules related to classification of expenditures.

– Recognize deduction recognition issues related to amortization.

– Recall fundamental points of the MACRS system of depreciation/cost recovery.

– Recognize eligibility for immediate §179 expensing.

Major Topics

Key Topics

– Capital improvements and repair

– Adjusted tax basis

– Tax depreciation and amortization

– First year expensing-IRC section 179

– Depreciation methods

– Form 3115, change in accounting method

Course Level
CPE Field of Study
Who Should Attend
Public accounting staff and senior associates; Tax professionals in company finance or tax departments
Online Course
Register Now
Dec 5, 2019
8:00 am - 2:00 pm MDT
Total CPE Credits


$ (% off)


$ (% off)
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Webinar (AICPA): Capitalized Costs and Depreciation

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