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Depreciation, Repairs & Fixed Assets: Tax Considerations

 
 January 14, 2019 from 8:00 am to 3:30 pm
 Fairfax
 
8.0
19 / 3-747
Designed For:
?Apply capitalization rules in general Identify exceptions for Materials and Supplies Account for costs associated with Rotable spare parts Apply "De Minimis" rules for entities with an "applicable financial statement" Determine amounts considered "spent to acquire tangible property" Identify
Prerequisite:

None

Is an expenditure associated with tangible property deductible or must it be capitalized? Learn the rules for treatment of amounts paid to acquire, produce, repair or improve tangible property and proper accounting for dispositions of property subject to depreciation. The capitalization regulations provide objective standards and bright-line rules intended to simplify compliance with the capitalization provisions contained in section 263(a) of the Internal Revenue Code. Explore issues involving what must be capitalized, what can be treated as a repair and items related to depreciation of fixed assets.

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