Capitalized Costs and Depreciation

  • Thursday, August 15, 2019 – Thursday, April 30, 2020

  • 8.5

From acquisition to disposition, capitalized costs and depreciation can be challenging to understand. Developed to help you gain significant tax savings for your clients, this self-study course offers a comprehensive and practical understanding of the IRS cost and repair regulations dealing with property transactions.

Also analyzed in this course are the rules for depreciation, amortization, like-kind exchanges, involuntary conversions, business property sales, and important property-related timing issues and planning opportunities. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.


? Recall the initial tax basis and adjusted tax basis of business property
? Identify purchase price in a lump-sum purchase of business assets
? Identify the tax basis of self-constructed assets
? Recall the tax treatment of expenditures for materials and supplies
? Distinguish between deductible repairs and capitalized improvements
? Recall recent changes in the tax rules to classification of expenditures as materials, supplies, repairs, and improvements
? Recall the fundamentals of MACRS depreciation
? Recognize eligibility for Section 179 immediate expensing
? Recognize which assets are considered listed property
? Identify common amortizable intangibles
? Recognize the types of purchased intangible costs that must be capitalized
? Distinguish how to allocate purchase price to intangible assets under the residual method
? Recall how to depreciate improvements to leased tangible property
? Identify self-created intangibles that must be capitalized


? Tax basis of property acquisitions
? Initial Basis of Property Acquired in an Exchange Transaction
? Materials, supplies, repairs, and improvements
? Accounting Method Changes
? Depreciation - MACRS, Section 179, Bonus
? Intangible Assets and Amortization
? Organization and Start-Up Costs

Additional Information

Designed For

Designed for Beginning Staff . The Tax Staff Essentials courses establish a strong set of core skills necessary for junior staff growth. Tax Staff with 0-1 year experience.


American Institute of CPAs


8.50 Taxes

Course Number


Level of Knowledge


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