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

Objectives

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.

$11.99

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Section 8.1

Course Manual Only

Course Type:

CPE Tax

Term:

2017 Tax Law

Registration Status:

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

Course Status

Available
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

Taxes

Program Level

Intermediate

Prerequisite

Basic tax knowledge

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Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students taking continuing education courses shall have twelve months from date of enrollment to successfully complete the course and receive their Certificate of Completion.  Students taking the federal only portion or the Oregon 80 Hour Basic Tax Course students have nine months from the date of enrollment to sucessfully complete the course.

Basic Tax Law

Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, a link to which can be found on the catalog page for each Basic Tax course.

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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Disclaimer

Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists.  Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.  Credit hours are subject to change without notice.

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