AICPA logo
AICPA logo
  • Home
Capitalized Costs and Depreciation - Tax Staff Essentials
CPE Self-study

Capitalized Costs and Depreciation - Tax Staff Essentials

This course provides background in depreciation methods as well as some tax planning opportunities that surround fixed assets.

$145 - $209
Do you have an AICPA membership? Log in to apply your member discount.



NASBA Field of Study




CPE Credits



Dr. Shelley Rhoades-Catanach


1 year

Product Number


 Business & partner 
Product Details

Save when you buy the complete Tax Staff Essentials, Level 1 online bundle..

How do I treat a property transaction?

This course will help you answer this question by focusing on understanding capitalized costs and depreciation and learning about the IRS cost and repair regulations dealing with property transactions so you can help your clients gain significant tax savings.

Tax professionals will also learn about the rules for depreciation, amortization, like-kind exchanges, involuntary conversions, business property sales, and important property-related timing issues and planning opportunities.

Course materials include the latest legislation, including the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law, as well as the technical correction issued in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This course provides CPE credit in the Tax field of study.

Who Will Benefit

  • Public accounting staff and senior associate
  • Tax professionals in company finance or tax departments

Key Topics

  • Tax basis of property acquisitions
  • Initial basis of property acquired in an exchange transaction
  • Materials, supplies, repairs, and improvements
  • Accounting method changes
  • Depreciation: MACRS, Section 179, and bonus
  • Intangible assets and amortization
  • Organization and start-up costs

Learning Outcomes

  • Calculate the initial tax basis and adjusted tax basis of business property.
  • Determine the tax basis of self-constructed assets.
  • Distinguish between deductible repairs and capitalized improvements under new tax provisions.
  • Classify expenditures properly for tax purposes.
  • Apply recent changes in the tax rules to classification of expenditures and tax results.
  • Recognize deduction recognition issues related to amortization.
  • Recognize the fundamentals of the MACRS system of depreciation/cost recovery.
  • Recognize eligibility for immediate Section 179 expensing.
Credit Info
CPE Credits
NASBA Field of Study
This is a digital product. With full paid access the content will be available to you for 1 year after purchase date.
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members
Tax Section Members

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at

Contact us
Dr. Shelley Rhoades-Catanach
Ph.D., CPA., CPA
"Dr. Shelley Rhoades-Catanach is a member of the Financial Services faculty at Villanova University School of Business, where she teaches a variety of tax courses in Villanova's undergraduate, MBA, Master of Accountancy, and Master of Taxation programs. Prior to joining Villanova, she taught at Washington University in St. Louis. She has also served as a visiting faculty member at Darden Graduate School at the University of Virginia and at INSEAD in Fontainebleau, France. Shelley obtained her undergraduate degree in accounting from the University of Nebraska and received her Ph.D. in accounting from the University of Texas at Austin. Shelley's research applies game-theoretic modeling techniques to examine the impact of taxes on strategic decision making in such areas as tax reporting and auditing, changes in tax policy, taxpayer rights legislation, and the impact of state taxation on firm location and investment decisions. She has published articles in The Accounting Review, Research in Accounting Studies, Journal of the American Taxation Association, Issues in Accounting Education, Journal of Accounting Education, Tax Advisor, and Journal of Accountancy. She is also a co-author of two textbooks: Principles of Taxation for Business and Investment Planning and Advanced Strategies in Taxation. Prior to entering academia, Shelley spent seven years at Arthur Andersen as a tax professional. She is a CPA and a member of the American Institute of CPAs, the American Accounting Association, and the American Taxation Association. She currently serves as President of the American Taxation Association, the tax section of the American Accounting Association."

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services. The Association is committed to making professional learning accessible to all. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. For accommodation requests, please contact and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Ratings and reviews

Shipping and delivery
Shipping costs  and sales taxes will be added later during checkout
Cancellation Policy
View our Cancellation policy here
Capitalized Costs and Depreciation - Tax Staff Essentials
Select from the following options:
Nonmember Price
Price excluding sales tax
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

Related content