Skip to content
Warren AI
Sign in
Income Tax Planning
Chapter 10: Basis Rules, Depreciation, and Asset Categorization/DEPRECIATION CONVENTIONS
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 10: Basis Rules, Depreciation, and Asset Categorization

DEPRECIATION CONVENTIONS

01.Core Concepts

Personalty • Half-year convention • If more than 40% placed in service in 4th quarter, mid-quarter convention applies Real Estate • Mid-month convention Intangible Property • Straight-line • 15 year (180 month) • Referred to as “amortization”