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Basic Federal Income Taxation: Deductions: Basic Depreciation Concepts

This lesson will discuss the models by which property depreciation is calculated, and the rules which govern the calculations, including Internal Revenue Code section 168.

Learning Outcomes

On completion of the lesson, the student will be able to:

  1. Explain how to use a § 168 table to calculate depreciation.
  2. Explain the dollar limitations of § 179.
  3. Explain differences between the alternate depreciation system and § 168 MACRS depreciation.
  4. Explain the relationship among § 179 expensing, § 168(k) bonus depreciation, and § 168 MACRS depreciation.
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