Capitalized Costs & Depreciation - Tax Staff Essentials

Depreciation, amortization, and capitalization all play an essential role in accurate tax reporting.

Learning Objectives:

'- Recall the initial tax basis of business property, including those purchased and acquired in an exchange transaction.

- Identify the tax basis of self-constructed assets.

- Distinguish between deductible repairs and capitalized improvements.

- Recall the tax treatment of expenditures for materials and supplies.

- Recall the fundamentals of modified accelerated cost recovery system (MACRS) depreciation.

- Recognize which assets are considered listed property.

- Identify intangibles that are subject to capitalization and amortization.

Who will benefit:

- public accounting staff and senior associates

- tax professionals in company finance or tax departments

This is an AICPA hosted webcast. You will launch the course from your OSCPA learning center portal. AICPA will issue and maintain your credits. Please make sure to download your CPE certificate from AICPA webcast portal at the conclusion of the webcast.