REG – Partnership Depreciation

  • Creator
    Topic
  • #181799
    zi007ad
    Participant

    Well, i was faced with a question how to calculate depreciation for a partnership for (Furniture, Equipment and Computers) .. does any body knows how and the rates used ?

    Thank you

    *COLORADO*
    REG: 58,41,74,74,74,74,77
    BEC: 67,76*,79
    FAR: 62,68,60,75
    AUD: 76*,64,66,81
    * Expired

Viewing 12 replies - 1 through 12 (of 12 total)
  • Author
    Replies
  • #473223
    mcarras
    Member

    Check out the AICPA Sample Test. There is a resources tab for MACRS depreciation rates. For instance, computers and some light trucks have a 5-year depreciation period.

    P.S. Is it true that you passed all 3 other sections and got 4 “74s” on REG in a row?

    #473280
    mcarras
    Member

    Check out the AICPA Sample Test. There is a resources tab for MACRS depreciation rates. For instance, computers and some light trucks have a 5-year depreciation period.

    P.S. Is it true that you passed all 3 other sections and got 4 “74s” on REG in a row?

    #473225
    Anonymous
    Inactive

    ^that's just painful to look at…

    #473282
    Anonymous
    Inactive

    ^that's just painful to look at…

    #473227

    depreciation for a partnership is almost identical to a regular c corp. however, if they elect special depreciation, such as bonus or sec 179, it needs to be seperately stated apart from normal income because of the special nature and individualistic restrictions.

    ALL 4 parts passed summer 13
    Ethics October 13
    Experience (waiting)

    Becker Only

    #473284

    depreciation for a partnership is almost identical to a regular c corp. however, if they elect special depreciation, such as bonus or sec 179, it needs to be seperately stated apart from normal income because of the special nature and individualistic restrictions.

    ALL 4 parts passed summer 13
    Ethics October 13
    Experience (waiting)

    Becker Only

    #473229
    zi007ad
    Participant

    Thank you all for your help 🙂

    *COLORADO*
    REG: 58,41,74,74,74,74,77
    BEC: 67,76*,79
    FAR: 62,68,60,75
    AUD: 76*,64,66,81
    * Expired

    #473286
    zi007ad
    Participant

    Thank you all for your help 🙂

    *COLORADO*
    REG: 58,41,74,74,74,74,77
    BEC: 67,76*,79
    FAR: 62,68,60,75
    AUD: 76*,64,66,81
    * Expired

    #473231
    zi007ad
    Participant

    @mcarras: yup 🙂 and because my 3rd 74 i lost my BEC credit, i guess REG is the hardest subject ever ..

    *COLORADO*
    REG: 58,41,74,74,74,74,77
    BEC: 67,76*,79
    FAR: 62,68,60,75
    AUD: 76*,64,66,81
    * Expired

    #473288
    zi007ad
    Participant

    @mcarras: yup 🙂 and because my 3rd 74 i lost my BEC credit, i guess REG is the hardest subject ever ..

    *COLORADO*
    REG: 58,41,74,74,74,74,77
    BEC: 67,76*,79
    FAR: 62,68,60,75
    AUD: 76*,64,66,81
    * Expired

    #473233
    Guti
    Participant

    zi007ad,

    I have a friend who took REG 5 times, and on his sixth time, I told him to do the following.

    You need to identify your weak areas. There should be 2 or 3 big areas that you are not mastering. Once you have that information, buy the Hot spot dvds from Bisk CPA. They have video lectures that target a specific topic like Partnerships,S-corps,commercial paper,etc. My friend went from 74 to 85 doing this in 5 weeks. The reason why I knew this could help him is because it helped me on Governmental and not for profit.

    Good luck,

    FAR-84
    AUD-
    REG-
    BEC-

    #473290
    Guti
    Participant

    zi007ad,

    I have a friend who took REG 5 times, and on his sixth time, I told him to do the following.

    You need to identify your weak areas. There should be 2 or 3 big areas that you are not mastering. Once you have that information, buy the Hot spot dvds from Bisk CPA. They have video lectures that target a specific topic like Partnerships,S-corps,commercial paper,etc. My friend went from 74 to 85 doing this in 5 weeks. The reason why I knew this could help him is because it helped me on Governmental and not for profit.

    Good luck,

    FAR-84
    AUD-
    REG-
    BEC-

Viewing 12 replies - 1 through 12 (of 12 total)
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