CPE Self-Study

Capitalized Costs and Depreciation - Tax Staff Essentials

  • $139.00-$179.00
    Capitalized Costs and Depreciation - Tax Staff Essentials Online Access Product #: 157593
    AICPA Member: $139.00
    Non-Member: $179.00
  • Contact Sales
    Purchasing multiple enrollments for your organization? Contact a representative for pricing or for on-site training opportunities. 800.634.6780 | Contact Us Product #: GT-TSE.CCD

Save when you buy the complete Tax Staff Essentials, Level 1 online bundle.

Gain a comprehensive and practical understanding of the IRS Cost and Repair Regulations dealing with property transactions from acquisition to disposition. This CPE course analyses the rules for depreciation, amortization, like-kind exchanges, involuntary conversions and business property sales. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings.

Learning Objectives

This course will prepare you to:

  • Recall the initial tax basis and adjusted tax basis of business property
  • Identify purchase price in a lump-sum purchase of business assets
  • Identify the tax basis of self-constructed assets
  • Recall the tax treatment of expenditures for materials and supplies
  • Distinguish between deductible repairs and capitalized improvements
  • Recall recent changes in the tax rules to classification of expenditures as materials, supplies, repairs, and improvements
  • Recall the fundamentals of MACRS depreciation
  • Recognize eligibility for Section 179 immediate expensing
  • Recognize which assets are considered listed property
  • Identify common amortizable intangibles
  • Recognize the types of purchased intangible costs that must be capitalized
  • Distinguish how to allocate purchase price to intangible assets under the residual method
  • Recall how to depreciate improvements to leased tangible property
  • Identify self-created intangibles that must be capitalized

Topics Discussed

  • 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


Tax Section Members Receive Additional Savings!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Tax Section.

System Requirements

About the Authors

Dr. Shelley Rhoades-Catanach, Ph.D., CPA., CPA

Dr. Shelley Rhoades-Catanach is a member of the Financial Services faculty at Villanova University School of Business, where she teaches a variety of tax courses in Villanova's undergraduate, MBA, Master of Accountancy, 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 The Accounting Review, Research in Accounting Studies, Journal of the American Taxation Association, Issues in Accounting Education, Journal of Accounting Education, Tax Advisor, and Journal of Accountancy. 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 currently serves as President of the American Taxation Association, the tax section of the American Accounting Association.

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

Product Reviews