This course will cover the different types of depreciation. Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. It is an annual allowance for wear and tear, deterioration, or obsolescence of the property. The depreciation period is also called the recovery period because the taxpayer is recovering the cost of their property. When claiming depreciation, remember it is “what is allowed or allowable”.

 At the end of this course, the student will be able to do the following:

  • Describe when property cannot be depreciated.
  • Recognize when depreciation begins and ends.
  • Identify which method of depreciation to use for the property.


Field of Study: Federal Tax Law 1 Hour
Course Level: Intermediate
Prerequisite: General tax preparation knowledge is required
Delivery Method: Self-Study

IRS CE: 15G0B-T-00449-20-S
CTEC: 2080-CE-0045

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