Form 1120 - Depreciation  

This program addresses how to properly report depreciation expense on Form 1120 and Form 4562, the characteristics of depreciable assets, the methods and conventions used in depreciating property, including MACRS depreciation of real and personal property, the current IRC Sec 179 deduction limits, bonus depreciation, the luxury auto depreciation rules, ACRS depreciation, the income forecast method of depreciation, and the capitalization and amortization rules relating to IRC Sec 197 intangible assets. This program also includes reference to the reinstatement of 100% bonus depreciation and the enhancements applicable to the IRS Sec 179 deduction as enacted with the 2025 Reconciliation Act (referred to as the One Big Beautiful Bill Act or OBBBA). This course is most appropriate for the professional with detailed knowledge of depreciation in federal taxation.

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