Depreciating & Expensing Business Assets

Instructor

Doug
Van Der Aa

This course will address recent tax legislation, rules, and developments related to capitalization and depreciation; Section 179 and 168(k) 100 % bonus deduction; Depreciation of automobiles, including new luxury auto limits; ADS depreciation for electing farm and real estate business.

**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Learning Objectives

Identify the latest legislation and regulations regarding depreciation and capitalizing business assets
Identify planning strategies and potential pitfalls

Major Topics

Recent tax legislation, rules and developments related to capitalization and depreciation
Qualified improvement property
Section 179, including inflation adjustments
Section 168(k) 100% bonus deduction
Depreciation of automobiles, including new luxury auto limits
Rev. Proc. 87-57 and MACRS
ADS depreciation for electing farm and real estate business
Update on recent developments

CPE Credits Available

2 CPE

2: Taxes

Things to Know About This Course

Course Level

Intermediate

Professional Area of Focus

Taxes

Advanced Preparation

None

Intended Audience

CPAs in public practice and members in industry seeking to better understand the ever-changing depreciation rules

Provider

ACPEN