Bonus Depreciation and Section 179 Expensing (Third Edition)

Authored by CCH Editorial Staff
About this Course
This course discusses the bonus depreciation deduction, focusing especially on the requirements for claiming bonus depreciation at a 50 percent rate. The course also provides a quick review of the requirements for the former 100 percent rate. The rules for qualifying for the section 179 expensing allowance are also covered, including a discussion on important distinctions between the bonus and expensing deductions. Upon completion of this course, the user should be able to: Identify the types of property that quality for bonus depreciation; Decide whether the bonus depreciation acquisition and placed-in-service deadlines are satisfied; Understand special rules that apply to property having a longer production period and noncommercial aircraft; Describe the basic rules for qualifying for 100 percent bonus depreciation including the election to claim the 100 percent rate on components of self-constructed property; Describe how bonus depreciation interacts with other tax code provisions; Understand the requirements and limitations for expensing property under Code Sec. 179; Describe the Section 179 election for qualified real property; Point out similarities and differences between bonus depreciation and the Section 179 allowance
$ 60.00
Course is unavailable for purchase.
NASBA Field of Study
Taxes
Level
Basic
CPE Credits
3.0
Prerequisites
Understanding of depreciation rules
Last Updated
08/24/2015
CCHL_BonusDepSec179_3Ed