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OnDemand Course

Tax Depreciation and Amortization Best Practices

Gain a better understanding of the every-day application of tax depreciation concepts.

We will walk through how to identity the appropriate method to depreciate or amortize assets, including options to be considered, bonus depreciation considerations and the impact of the tangible property regulations on these decisions. We will walk through examples to bring the rules to life. Lastly, we will discuss how to correct missteps with capitalized assets through the change in accounting method process.

Learning Objectives

  • You will be able to differentiate between depreciation and amortization.
  • You will be able to recognize depreciation concepts under MACRS.
  • You will be able to identify Cost Segregation benefits.
  • You will be able to identify accounting methods relating to depreciation and amortization.

Runtime: 107 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

History of Depreciation and Amortization

General Concepts and How to Get Started

  • MACRS; GDS and ADS Systems
  • 1245 and §1250 Property
  • Classes, Conventions, and Depreciation Methods
  • Amortization Concepts Under §197

Changes to Depreciation Brought About by the Tax Cuts and Jobs Act

  • Bonus Depreciation Considerations

Buildings and Depreciation Planning Opportunities

  • Impact of the Tangible Property Regulations
  • Depreciation Recapture Concepts

Accounting Methods Relating to Depreciation and Amortization

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on December 13, 2018.

Call 1-866-352-9540 for further credit information.

  • CPE/NASBA - QAS Self Study 2.5 including Taxes 2.5
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.5 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
     
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Ronald G. Wainwright, Jr., CPA, MST

Ronald G. Wainwright, Jr., CPA, MST

Cherry Bekaert

  • Tax partner and the national leader of Cherry Bekaert's credits/accounting methods practice
  • More than 25 years of experience in the area of taxation, serves a diverse client base including multinational, public and closely held companies
  • Guides clients through a number of taxation matters, including international and domestic tax, provisions, FIN 48, tax controversy, federal/state tax credits, and complex transactional matters
  • Spent seven years in a national tax role in Washington, D.C., focusing on domestic and international tax issues, mergers and acquisitions and IRS tax controversy matters
  • Member of numerous professional and civic organizations
  • M.Tax. degree, highest honors, Georgetown University; B.S. degree, Auburn University; advanced business advisor program, University of Chicago
  • Can be contacted at 919-782-1040 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405386
Published 2018
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