Depreciating & Expensing Business Assets - 2 Hours
This presentation highlights the latest legislative changes affecting depreciation and capitalization rules, including 2022 inflation increases and Section 179 and 168(k) deductions. Planning and potential pitfalls will also be presented.
Learning Objectives
Identify the latest legislation and regulations regarding depreciation and capitalizing business assets.
Major Topics
Recent tax legislation, rules, and developments related to capitalization and depreciation
Section 179, including 2022 inflation adjustment
Section 168(k) 100 percent bonus deduction
Depreciation of automobiles, including new luxury auto limits
ADS depreciation for electing farm and real estate business
Update on recent developments
CPE Credits Available
2
Total CPE
2
Taxes
Things to Know About This Course
Course Level
Intermediate
Prerequisites
Basic working knowledge of tax depreciation.
Advanced Preparation
None
Intended Audience
CPAs in public practice and members in industry seeking to better understand the ever-changing depreciation rules.
