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Depreciation Depletion Amortization

Federal Tax Course – Lesson 11

DEPRECIATION

 
Introduction 1101
Basis for Determining Depreciation 1102
Depreciation Methods 1103
The Straight-Line Method 1104
The ‘Speedy’ Depreciation Methods 1105
How MACRS Depreciation is Computed 1106
MACRS Recovery Periods 1107
Depreciation for Property Put Into Service Before 1987 1108
The Alternative Depreciation Method (ADS) 1109
Depreciation Conventions 1110
Special Rules for Passenger Automobiles 1111
Limitation for “Listed Property” not Predominantly Used in Business 1112
Election to Deduct Capital Investments as an Expense (“Section 179 Election”) 1113
Recapture of Section 179 Deduction 1114
Miscellaneous Real Estate Provisions 1115

DEPLETION

Introduction 1116
Cost Depletion 1117
Percentage Depletion 1118
Timber Depletion 1119
Who is Entitled to the Depletion Deduction 1120

AMORTIZATION

Introduction 1121
Cost of Acquiring a Lease 1122
Amortization of Reforestation Expenditures 1123
15-Year Amortization Period for ‘Section 197 Intangibles’ 1124