AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
product-image
Capitalized Costs and Depreciation
Tax
Webcast

Capitalized Costs and Depreciation

Developed to help you gain significant tax savings for your clients, this webcast offers a comprehensive and practical understanding of the IRS cost and repair regulations dealing with property transactions.

$219 - $269
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

Date

May 24, 2021

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

6

Author(s)

Shelley Rhoades-Catanach

Availability

Product Number

VTSECCD21050

 Part of Webcast Pass
 Business & partner 
Product Details

Understanding the initial and adjusted tax base of business property

From acquisition to disposition, capitalized costs and depreciation can be challenging to understand. This self-study webcast offers a comprehensive and practical understanding of the IRS cost and repair regulations dealing with property transactions.

This webcast also presents the rules for depreciation, amortization, like-kind exchanges, involuntary conversions, business property sales, and important property-related timing issues and planning opportunities.

Materials include the effect of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.

Key Topics

  • 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

Learning Outcomes

  • Calculate the initial tax basis and adjusted tax basis of business property
  • Determine the tax basis of self-constructed assets
  • Distinguish deductible repairs and capitalized improvements under new tax provisions
  • Classify expenditures properly for tax purposes
  • Apply recent changes in the tax rules to classification of expenditures and tax result
  • Recognize deduction recognition issues related to amortization
  • Understand the fundamentals of the MACRS system of depreciation/cost recovery
  • Recognize eligibility for immediate Section 179 expensing

Who Will Benefit

  • Accountants and finance professionals
  • Public accounting staff, senior associates and tax professionals
  • Staff in finance or tax departments
Credit Info
CPE Credits
6
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
Access
This is a live event. You will have access on the date/time of broadcast and the archive for 3 months after the broadcast date.
Duration
6 hrs
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$269.00
AICPA Members
$219.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Speakers
Shelley Rhoades-Catanach
Ph.D., CPA
"Dr. Shelley Rhoades-Catanach is a member of the accounting faculty of Villanova University School of Business, where she teaches a variety of tax and accounting courses in Villanova's undergraduate, MBA, Master of Accounting and Professional Consultancy, and Master of Taxation programs. Prior to joining Villanova, she taught at Washington University in St. Louis. She has also served as a visiting faculty member at Darden Graduate School at the University of Virginia and at INSEAD in Fontainebleau, France. Shelley obtained her undergraduate degree in accounting from the University of Nebraska and received her Ph.D. in accounting from the University of Texas at Austin. Shelley's research applies game-theoretic modeling techniques to examine the impact of taxes on strategic decision making in such areas as tax reporting and auditing, changes in tax policy, taxpayer rights legislation, and the impact of state taxation on firm location and investment decisions. She has published articles in journals such as The Accounting Review, Research in Accounting Studies, Journal of the American Taxation Association, Issues in Accounting Education, and Journal of Accounting Education. She is also a co-author of two textbooks: Principles of Taxation for Business and Investment Planning and Advanced Strategies in Taxation. Prior to entering academia, Shelley spent seven years at Arthur Andersen as a tax professional. She is a CPA and a member of the American Institute of CPAs, the American Accounting Association, and the American Taxation Association. She is past president of the American Taxation Association, the tax section of the American Accounting Association, and a recipient of the ATA's Ray Sommerfeld Outstanding Tax Educator award."
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Capitalized Costs and Depreciation
May 24, 2021
Select from the following options:
May 24, 2021
3pm9pm GMT
Jun 07, 2021
3pm9pm GMT
Jul 14, 2021
2pm8pm GMT
Nonmember Price
$269.00
Price excluding sales tax
$269.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

Related content