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Tuesday, December 8, 2020 Webcast

Capitalized Costs and Depreciation (X3-2207173)

10:00 AM - 4:00 PM EST


6.0 CPE Credits in TX


From acquisition to disposition, capitalized costs and depreciation can be challenging to understand. Developed to help you gain significant tax savings for your clients, this self-study course offers a comprehensive and practical understanding of the IRS cost and repair regulations dealing with property transactions. Also analyzed in this course are the rules for depreciation, amortization, like-kind exchanges, involuntary conversions, business property sales, and important property-related timing issues and planning opportunities.


Public accounting staff and senior associates Tax professionals in company finance or tax departments


Calculate the initial tax basis and adjusted tax basis of business property.

-Determine the tax basis of self-constructed assets.

-Distinguish between deductible repairs and capitalized improvements under new tax provisions.

-Classify expenditures properly for tax purposes.

-Apply recent changes in the tax rules to classification of expenditures and tax result.

-Recognize deduction recognition issues related to amortization.

-Understand the fundamentals of the MACRS system of depreciation/cost recovery.

-Recognize eligibility for immediate Section 179 expensing.


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






Shelley Rhoades-Catanach

Shelley Rhoades-Catanach, CPA, Ph.D.

AICPA/Professional Development Institute

Shelley Rhoades-Catanach, CPA, Ph.D. Villanova University/Villanova, Pennsylvania Dr. Rhoades-Catanach joined the accounting faculty of Villanova University in 1998, and teaches a variety of tax courses in the undergraduate, Master of Taxation, M.B.A. and Master of Accounting and Professional Consultancy Programs. Prior to joining Villanova, she taught at Washington University in St. Louis and the Darden Graduate School at the University of Virginia. Before entering academia, Dr. Rhoades-Catanach spent seven years at Arthur Andersen as a tax professional. Dr. Rhoades-Catanach’s research focuses on 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 is the co-author of the textbook "Principles of Taxation: Advanced Strategies," and has published numerous articles in journals such as The Accounting Review, Research in Accounting Studies, Journal of the American Taxation Association, and Issues in Accounting Education. She currently serves as a member of the editorial board of Journal of the American Taxation Association and as Vice President of the American Taxation Association. PW 2/2/06


$219.00 - Member

$269.00 - Non Member

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Note: Online pre-registration will close on December 8 at 9:30 AM.


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