Chapter 8 Depreciation and Sale of Business Property PowerPoint Lecture

In this video, we discuss the concepts of capitalization, depreciation, and the Modified Accelerated Cost Recovery System (MACRS) in the context of income tax fundamentals. We also explain the half-year convention, mid-quarter convention, mid-month convention, and the bonus depreciation, as well as the reporting of depreciation expense and the Landmark Tax Reform Act of 1986. Lastly, we cover the calculation of depreciation, its implications for tax treatment, and various tax-related topics such as casualty gains and losses, installment sales, like-kind exchanges, and involuntary conversions.

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would you be willing to cover chapter 14 and 17

[@_Bridging_The_Gap_]

Hi, thank you for the suggestion! I will review and cover them!