This course contains both English and Spanish content.
This course will cover the different types of depreciation. Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. It is an annual allowance for wear and tear, deterioration, or obsolescence of the property. The depreciation period is also called the recovery period because the taxpayer is recovering the cost of their property. When claiming depreciation, remember it is "what is allowed or allowable".
At the end of this course, the student will be able to do the following:
- Describe when property cannot be depreciated.
- Recognize when depreciation begins and ends.
- Identify which method of depreciation to use for the property.
Field of Study: Federal Tax Law 1 Hour
Course Level: Intermediate
Prerequisite: General tax preparation knowledge is required
Delivery Method: Self-Study
Expiration Date to earn CEs: October 1, 2022.
IRS CE: 15G0B-T-00449-20-S
Learn at your own pace, read or watch the lessons, pass the exams.
Learn on your phone, tablet, or computer.
All our courses are available in English y español.
No matter where you’re at in your career, we have courses for you.
Simple Learner Experiences
Prendo365 gives you access to your course anytime, anywhere, on desktop, tablet, or mobile device. You're able to easily navigate through your course and receive your certificate of completion.
Why choose us
Over 35+ years tax preparation experience
We know what tax preparers need to succeed in their office
7+ EA’s and tax preparers on staff
Our team does extensive research to ensure you receive the best education
Bilingual live support
Having technical issues? We're ready to help you get started and complete your course.