This course examines depreciation for all types of depreciable property including the impact made by recent legislation. The latest rules on Section 179 are included. The depreciation of tangible personal property is reviewed, including issues concerning the MACRS recovery periods, additional first-year depreciation, and modifying conventions. It also covers depreciation in the year of disposition and the alternative depreciation system. A discussion follows for depreciation of tangible personal property, real property, improvements to land, and leasehold improvements. The case study will review the majority of the depreciation concepts.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.