[Anonymous]

Hi Everyone

I am working in REG-3, using BECKER. I am not understanding, what to study in MACRS Depreciation, most of candidates say it is important topic, kindly tell me What to focus in MACRS depreciation?

Thanks in advance.

God Bless All

[Minimorty]

You need to know the classifications of property and how to calculate using the tables.

[Anonymous]

@Minimorty

Thanks, I know the classification, but in BECKER they dont cover, how to calculate using the tables, how important is that, is there any substitute?

[Minimorty]

2011 Becker has an example problem of the MACRS table on page 29 of R-3. I would imagine 2012 has something similar as well.

A trick they like to throw at you is using different dates in which you'll need to figure out whether to use mid-month, mid-quarter, and half-year convention. Know that as well.

Without looking, you could tell me what class of property a typewriter would fit into?

[Anonymous]

The Wiley software and Gleim test prep has great questions on MACRS. I think you should know how to calculate MACRS depreciation with and without a table. I know Yaeger has a nice handout on the MACRS table. Phil tells you how to solve the MACRS problems both ways.

[JimmySungChen]

This site really helps for MACRS – https://accountingexplained.com/financial/non-current-assets/macrs

I am in the middle of learning it, and so far it makes it pretty clear, hopes it helps you too. I am also using Beckers so I know exactly what you mean that they don't really touch on MACRS except telling you about the reasons for different conventions and a table for Half-Year.

Good luck, I really hope you pass your exam!

HAHAHAHA, I just realized you posted it 3 years ago… well I hope you passed!

[MaLoTu]

@Jimmy – That is actually helpful for me … I am also taking Becker REG and they still do not teach you how to use the table.

I have totally went to respond to super old threads, also … lol, it happens

Almost always from my phone... please excuse my typos!

All 4 passed - 2016

CA CPA

[No_one]

I am using Becker too..And today while I was revising I realized ppl here on blog keep on talking about MACRS and I thought why ppl make big fuzz about it..It's just mid year…half year…mid quarter…

🙁 I know this exam going to suck big time…why they are not teaching us everything..we need to study…super frustrated..

Organizational cost..5000+180 months OMG not a single clear example or question related to it what happens when ur cost is about 50,000/- I learned today that its phase out $ to $ after 50 k. I am in panic mode…

CA Candidate
FAR: You are down...
Aud: Surprised me...Thanks
BEC: 75% work done
REG: It's 80 but I am 100% done 🙂

[MaLoTu]

No_one – You are going to do fine!

I haven't even managed to pass one test yet. I feel like I have a good grasp on the Becker material, but in the testing center I fall apart, essentially! I don't even want to think about all the potential deviations from the rule!

Are you positive that the phase out has anything to do with expensing organizational/start-up costs? The IRC rules for start-up/org expenses is the first 5000 and remainder/180 … carried forward indefinitely for individuals …

Almost always from my phone... please excuse my typos!

All 4 passed - 2016

CA CPA

[Author]

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