Depreciation Made Easy – 2018 Law – Self-Study (No Videos)
Depreciation calculations demand the application of numerous rules including MACRS, limits on autos, listed property and asset life. This intensive program teaches students the methods used to calculate MACRS depreciation and application of various limits and rules affecting depreciation calculations.
- Definition of tangible and intangible property types
- The difference between depreciation and amortization
- What property can be depreciated
- Depreciation systems
- MACRS (Modified Accelerated Cost Recovery System)
- ADS (Alternative Depreciation System)
- MACRS class asset lives and recovery periods
- Single purpose agricultural and horticultural structures
- Computer software and other intangible property
- Depreciation conventions
- Depreciation methods
- Straight-line and double declining balance methods
- MACRS tables
- Depreciation schedule – how to prepare
- Form 4562 filing requirements
- Bonus depreciation
- Section 179 deduction
- What property can and cannot be expensed
- Qualified real property
- Listed property – rules and limits on deductions
- Limits on automobiles, trucks, vans and SUVs
- Leased vehicle inclusion amounts
- Standard mileage allowance – depreciation component
- Inclusion amounts
- Classification of property
- Amortization rules relating to intangible assets
- Start-up costs
- Preparation of Form 4562 Depreciation and Amortization – line-by-line instructions
- Deduction and capitalization of expenses related to tangible property
At the conclusion of this course you should be able to:
- Calculate depreciation under MACRS and ADS systems
- Apply special rules for depreciating passenger automobiles
- Distinguish when and how to claim a section 179 deduction
- Identify what assets must be depreciated and which must be amortized
- Determine how listed property rules affect depreciation calculations for
- certain types of property
- Calculate special bonus depreciation
- Complete a depreciation schedule
- Complete Form 4562
Self-Study (No Videos)
2018 Tax Law
Ends: Tuesday, March 2, 2021 11:59 PM (PST)
Started: Monday, March 2, 2020
Ends: Wednesday, March 2, 2022 11:59 PM (PST)
|IRS (Federal Tax Law)||8 Hours|
|Oregon Tax Board||8 Hours|
Field of Study
Basic tax knowledge
Self-study (No Videos)
IRS Federal Program Number
Meet Your Instructor
April Gutierrez, Enrolled Agent:
Known for her entertaining speaking style and ability to make a complex subject easy to understand, April is frequently invited to speak to business groups and news media on tax-related topics. She has a B.A. in Communication Studies from Murdoch University in Perth, Australia. She obtained her Oregon LTC in 1995.April resides in Portland, Oregon, with her husband Jess and their two sons. Her pastimes include gardening, travel, and playtime with her Arabian horse, Fancy.
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Any Time, Anywhere
Our online Learning Management System (LMS), offers you the flexibility to study at your own pace while still enjoying many of the benefits of a live classroom.
- Watch lecture video recordings of live instructor-led classes.
- Break to complete classwork and quiz assignments as instructed.
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Basic Tax Law
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Prerequisites & Advance Preparation
Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the details of each course, located on Pacific Northwest Tax School’s catalog pages at: https://www.pnwtaxschool.com/list-of-all-courses/
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