US Tax Depreciation, Amortisation & Depletion

Mastering US Taxation: Cost Recovery, Depreciation, Amortization & Depletion

Are you ready to deepen your understanding of US taxation principles and master the complexities of cost recovery? This comprehensive course, Mastering US Taxation: Cost Recovery, Depreciation, Amortization & Depletion, is designed for professionals, students, and tax enthusiasts looking to excel in their knowledge of cost recovery under US tax law.

What You’ll Learn

By the end of this course, you’ll gain:

• A comprehensive understanding of all categories of cost recovery under US tax law.
• In-depth knowledge of the Alternate Depreciation System (ADS) as an alternative to MACRS.
• Detailed insights into the depreciation recapture process and its tax implications.

This course dives into essential concepts such as depreciation, amortization, depletion, and the intricacies of tax recapture provisions, equipping you with the tools to navigate these complex topics with confidence.

Course Content Overview

Video 1: Overview

Start with a high-level view of all cost recovery methods, setting the stage for a detailed exploration of key topics.

Video 2: Depreciation

Delve into Section 168 of the Internal Revenue Code (IRC), exploring Modified Accelerated Cost Recovery System (MACRS) principles.

Video 3: Additional Depreciation

Learn about Section 179 expensing depreciation, enabling you to maximize deductions.

Video 4: Alternative Depreciation System (ADS)

Understand ADS in detail, including its use cases and differences from MACRS.

Video 5: Amortization of Intangible Assets and Leasehold Improvements

Discover the rules governing amortization for intangible assets and leasehold improvements.

Video 6: Depletion of Natural Resources

Explore the methods of depletion and how to apply them to natural resource recovery.

Video 7: Recapture of Depreciation

Conclude with an in-depth discussion of Sections 1245 and 1250, focusing on the recapture of depreciation.

Why Take This Course?

This course combines theoretical concepts with practical applications, making it ideal for anyone preparing for exams, advancing their career in taxation, or simply broadening their expertise. Whether you’re a tax professional, CPA candidate, or business owner, this course will empower you to navigate cost recovery and tax compliance like a pro.