[Anonymous]

Just finished studying MACRS in REG. The computations are pretty straight forward, but I’m having trouble remembering the asset useful lives that are used to compute depreciation.

Are we supposed to memorize the useful life for each type of asset, or will we be it be given on the exam (hope I’m not breaking any disclosure rules here…)

[Tax lady]

Good question! One I have not even thought about. I have REG on Friday so I need to know if I should review this or not.

AUD - 80
BEC - 75
FAR - 85
REG - 82

CPAExcel, Ninja MCQ's

REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
AUD 5/30/15 (80)
BEC 11/28/15 (75)
FAR 7/30/16

Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

[Sir Study Alot]

They will most likely give it to you. I wouldn't waste time on memorizing all of the type of items. You might need to know the real property numbers. 39 for business property and 27.5 for rental(i believe).

Passed all 4 exams in 2014!

[Anonymous]

Ok, that's good to know. I would naturally assume that it would be given to us, however; in the Wiley Test-bank they are not.

On another note, for the most part the questions in the “individual taxation” section of the Wiley test-bank are pretty straight forward however; there have been a small handful that have tested a ridiculously obscure exception. Hope I don't see any of these on the day of the exam (alimony clawback) 😀

[Tax lady]

I am stumped on alimony recapture. I have got to figure that out by Friday!

AUD - 80
BEC - 75
FAR - 85
REG - 82

CPAExcel, Ninja MCQ's

REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
AUD 5/30/15 (80)
BEC 11/28/15 (75)
FAR 7/30/16

Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

[Tax lady]

I am stumped on alimony recapture. I have got to figure that out by Friday!

AUD - 80
BEC - 75
FAR - 85
REG - 82

CPAExcel, Ninja MCQ's

REG 8/15/14 (73); 11/13/14 (82)-expired 🙁
AUD 5/30/15 (80)
BEC 11/28/15 (75)
FAR 7/30/16

Studying with CPAexcel and Ninja notes/MCQ's/Flashcards

[Author]

Replies