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Capitalized Costs & Depreciation - Tax Staff Essentials
Tax
Webcast

Capitalized Costs & Depreciation - Tax Staff Essentials

Depreciation, amortization, and capitalization all play an essential role in accurate tax reporting.

$225 - $269
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

Date

Oct 17, 2025

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

5.5

Instructor

Shelley Rhoades-Catanach

Availability

Product Number

VTSECCD251017

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 Business & partner 
Product Details

How do I treat a property transaction?

You'll be able to answer this question after reviewing the IRS cost and repair regulations. By understanding capitalized cost and depreciation rules, you can help your clients achieve significant tax savings.

You'll also learn about the rules for:

  • Depreciation
  • Amortization
  • Like-kind exchanges
  • Involuntary conversions
  • Business property sales
  • Property-related timing issues
  • Planning opportunities

What's going on with capitalized costs and depreciation?

Course materials cover the latest legislation, including:

  • Accounting method change requirements for capitalizing and amortizing Section 174 research and experimental expenditures
  • Changes to bonus depreciation percentages

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 and bonus
  • Intangible assets and amortization
  • Organization and start-up costs
  • Research and experimental expenditures

Learning Outcomes

  • Recall the initial tax basis of business property, including those purchased and acquired in an exchange transaction.
  • Identify the tax basis of self-constructed assets.
  • Distinguish between deductible repairs and capitalized improvements.
  • Recall the tax treatment of expenditures for materials and supplies.
  • Recall the fundamentals of modified accelerated cost recovery system (MACRS) depreciation.
  • Recognize which assets are considered listed property.
  • Identify intangibles that are subject to capitalization and amortization.

Who Will Benefit

  • Public accounting staff and senior associates
  • Tax professionals in company finance or tax departments
Credit Info
CPE Credits
5.5
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
5.5 hrs
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
$269.00
AICPA Members
$225.00
CIMA Members
$225.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
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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