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Depreciation Overview

2 CPE for AFSP, EA, CPA, CRTP    

Depreciation is a concept tax professionals need to know to properly advise clients. During this session we will review basic concepts such as class life and different depreciation systems. Additionally, we will discuss when a client is eligible for bonus depreciation or can use the §179 expense deduction, as well as other options available to taxpayers who own businesses.  

Upon completion of this session, you will be able to:

  • Summarize when a taxpayer can claim bonus depreciation 

  • Outline the requirements to use the §179 expense deduction 

  • Determine the class life of an asset 

  • Compare and contrast bonus depreciation versus §179 expense deduction 

CPE information
Duration: 100 minutes
Course level: Basic
Prerequisite: None
Advanced preparation: None
Delivery method: Group Live

Kathryn Keane

Principal Tax Professional at Macanta Corporation

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