Depreciation Made Easy – 2017 Law – Course Manual Only

Course Content

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.

Topics Covered

  • 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


By 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

Coursework is provided for students to work on assignments involving depreciation calculations and completion of Form 4562.  The program also includes a final exam to test student’s knowledge.

Course materials provided to students include detailed student Manuals, coursework answer keys, final exam and final exam answer key.

The course manual is delivered as a PDF document which you can download and print.


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Section 8.1

Course Manual Only

Course Type:



2017 Tax Law

Registration Status:

Registration Open
Ends: Thursday, August 15th, 2019 11:59 PM (PDT)

Course Status

Started: Wednesday, August 15, 2018 11:59 PM (PDT)

Ended: Saturday, August 15th, 2020 11:59 PM (PDT)

Course Length:

0 Hours

Course Fees:

Course Materials $11.99
Total $11.99

Course Credits:   0

No CE is awarded with the purchase of this manual. You must enroll in and complete the full version of this course to received CE.

Field of Study


Program Level



Basic tax knowledge

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