This session, from TEI’s 2025 Federal Tax Course – Level 1, provides an introduction to the basics of capitalization, amortization, and depreciation. The session covers the fixed asset life cycle, including the treatment of costs to acquire, produce, or improve tangible property; depreciation, including the basics of asset categorization, the placed in-service date, and bonus depreciation; and the treatment of various types of dispositions of property. This session also provides an explanation of the differences between book and tax depreciation and a general understanding of accounting method changes. The session will cover the modified accelerated cost recovery system (“MACRS”), the tangible property regulations, and the alternative depreciation system (“ADS”). Participants will gain a deeper understanding of tax implications associated with asset recovery and apply these principles to real-world scenarios.
Learning Outcomes
- Understand the fixed asset life cycle
- Apply the tangible property regulations
- Learn the basics of MACRS and ADS
Who Should Attend
This course is designed for tax professionals who are new to the in-house community, taking on new areas of responsibility, changing areas of practice, or just need a refresher on the core principles in US federal taxation.
Instructor(s)
Dominic Gabbianelli, Tax Partner, Deloitte Tax LLP
Greg Lameti, Global Manager, Employer Services Tax, Deloitte Tax LLP
General Session Information
Access
Online, upon completion of the checkout process, you will be directed to our Learning Management System (LMS) for access to the session.
For member pricing, please login to tei.org
This is a digital product. With full paid access, the content will be available for one year after the purchase date.
CPE Credits
This digital product is not eligible for Continuing Professional Education (CPE) credit and includes the recording from the 2025 in-person session and the corresponding PowerPoint slides.
Length of Session
The session will take approximately 3.5 hours to complete.
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
For more information, please refer to CPE requirements and NASBA sponsorship information.
Terms & Conditions
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