Depreciation Made Easy – 2017 Law – Self-Study – Videos

Course Description

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


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


Get Started Now Enrollment Closed


Course Type:



2017 Tax Law

Registration Status:

Registration Open

Ends: Saturday, July 31, 2021 11:59 PM (PST)

Course Status


Started: Monday. November 5th, 2018 11:59 PM (PST)

Ends: Sunday, July 31, 2022 11:59 PM (PST)


Course Length:

12 Hours


Course Fees:

Registration $5.00
Tuition $10.00
Course Materials $125.00
Total $140.00

Course Credits:

IRS (Federal Tax Law) 12 Hours
Oregon Tax Board 12 Hours

Field of Study


Program Level



Basic tax knowledge

Delivery Method


Educational Venue

Online Course

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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Carey Chaput
Depreciation Made Understandable
( 0 reviews )
April\'s discussions are very thorough, and the classwork is extremely helpful. Long course, but worth it!

Course Requirements

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.
  • If you have a question or need help understanding your assignments, use our Q&A forum to post questions and receive answers from your instructor.
  • Complete assignments and tests then submit your answers online.

Advance Preparation Required

Our site requires an up-to-date Adobe Flash® Player and use of a high-speed Internet connection. To ensure your learning experience is worthwhile and productive, we ask all students to take the time to become familiar with our site before attending class.

Recommended Minimum Requirements

The following requirements are recommended for using this site. Few students have reported success while operating outside of these requirements, therefore these are provided as a guideline for troubleshooting if you are having difficulties viewing or operating in this site.

Operating System:
  • Windows
  • Apple
  • Unix/Linux
  • Solaris

*Your operating system should be fully updated.
**Mobile devices are not supported.


If you encounter log in or video viewing difficulties, we strongly recommend you install Google Chrome.

In any browser, both Cookies and JavaScript must be enabled.

Connection: Broadband (512 Kbps+). Mobile hotspots are NOT supported.
Browser Plug-Ins:

The latest of the following:

Peripherals: Headphones and/or Speakers

Disclosures and School Policies

Terms of Enrollment

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:


Continuing professional education courses including interactive, non-interactive and correspondence program fees are non-refundable and non-transferable. Webinars/Webcasts are non-transferable and in most cases non-refundable. A student may choose to be switched to another Webinar/Webcast of equal or lesser value if a conflict with the scheduled time exists. In the case of a missed Webinar/Webcast a request to transfer to a new Webinar/Webcast must be made with 48 hours of when the Webinar/Webcast aired. Refunds will be issued ONLY prior to the start of the Webinar/Webcast. A $15.00 processing fee will be withheld from all refund amounts. For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.

Problem Resolution

Pacific Northwest Tax School gives the highest priority to delivering quality education programs. If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at:


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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