- NY Credits : 1.0
- TX Credits : 1.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 1.0
This course covers the concepts of recovery periods, modifying conventions, and the use of the optional IRS tables under the Modified Accelerated Cost Recovery system (MACRS). Chapter one looks at the concepts of recovery periods and modifying conventions. Chapter two covers when and how to use the IRS optional tables.
Included with subscription(s):
Upon successful completion of this course, the user should be able to:
recognize the concepts of recovery periods and modifying conventions under MACRS depreciation; and
determine the appropriate use of IRS optional tables.