Checkpoint Learning

    Course Detail

    Depreciation - Specialized MACRS Topics  

    CATEGORY: Taxation
    COURSE ID: CLDEP3, VERSION 4.00
    1 2 3 4 5
    (51)
      Online & Mobile
    2 CPE Credits

    This course covers several advanced topics under the Modified Accelerated Cost Recovery System (MACRS). The first chapter starts with depreciation in short tax years and then covers limited expensing (IRC Section 179) and situations when the basis of property must be adjusted. The second chapter discusses depreciation limits on passenger automobiles and light vans and trucks. It also covers limits on equipment that is not used 100 percent for business (listed property). Finally, the second chapter will introduce the alternative depreciation system (ADS) and its interaction with the listed property rules.

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