Description
Upon completion of this chapter, students will be able to classify different types of property eligible for depreciation, differentiate between various depreciation methods, and become familiar with the terminology unique to depreciation transactions. Students will also understand how repairs and replacements affect the basis of property. The section 179 deduction will be explained, as well as the basic reporting fundamentals regarding the disposition of business property. Students will become familiar with the final repair regulations. New lecture video reinforces concepts! Topic: Section 179 Deduction and Special Depreciation IRS #EEZ75-T-00488-24-S CTEC #1071-CE-3219 NASBA #103388