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Small Business/Self-Employed Division
Depreciation Basics
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Kim Lawson Kim Lawson
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Small Business/Self-Employed Division,
Internal Revenue Service

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Small Business/Self Employed Division

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Depreciation Basics

Playout date:
May 28, 2014
2 p.m. Eastern Time
1 p.m. Central Time
Noon Mountain Time
11 a.m. Pacific Time

Webinar Description:

  • What property can be depreciated
  • What property cannot be depreciated
  • When depreciation begins and ends
  • Methods for depreciating property
  • Basis of depreciable property
  • How to treat repairs and improvements
  • Electing the Section 179 deduction
  • Claiming the special depreciation allowance
  • Figuring depreciation under MACRS
  • Additional rules for listed property, and
  • Basis of assets

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