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Capitalized Costs and Depreciation

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
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NASBA Field of Study




CPE Credits



Shelley Rhoades-Catanach


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 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
NASBA Field of Study
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.
6 hrs
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Contact us
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."

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Capitalized Costs and Depreciation
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Jul 14, 2021
2pm8pm GMT
Aug 09, 2021
2pm8pm GMT
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