Comp SM_Ch08 - CHAPTER 8 DEPRECIATION COST RECOVERY...

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CHAPTER 8 DEPRECIATION, COST RECOVERY, AMORTIZATION, AND DEPLETION SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 1 Cost recovery: eligibility Unchanged 1 2 Cost recovery “allowable” Unchanged 2 3 Cost recovery of land improvements Unchanged 3 4 Issue ID Unchanged 4 5 Issue ID Unchanged 5 6 Half-year convention and mid-quarter convention Unchanged 6 7 Half-year convention: year of sale Unchanged 7 8 50% additional first-year depreciation Modified 8 9 Additional first-year depreciation New 10 Issue ID Unchanged 10 11 Straight-line method Unchanged 11 12 Straight-line method: applicable convention Unchanged 12 13 Section 179 expensing: production of income property Unchanged 13 14 Section 179 expensing: effect on 50% additional first-year depreciation Modified 14 15 Section 179 expensing: carryforward Unchanged 15 16 Section 179 expensing: taxable income limitation Unchanged 16 17 Listed property: passenger auto Unchanged 17 18 Listed property: passenger auto and cost recovery limit and 50% or 30% additional first-year depreciation Modified 18 19 Issue ID Unchanged 19 20 Listed property: leased passenger automobiles Unchanged 20 21 Amortization: § 197 intangibles Unchanged 21 22 Amortization: self-created goodwill Unchanged 22 23 Issue ID New 8-1
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8-2 2005 Comprehensive Volume/Solutions Manual Status: Q/P Question/ Present in Prior Problem Topic Edition Edition 24 Intangible drilling costs Unchanged 24 25 Cost depletion Unchanged 25 * 26 Cost recovery allowed and allowable Unchanged 26 27 Personal residence converted to rental property Unchanged 27 28 MACRS for personalty Unchanged 28 29 MACRS for personalty New * 30 MACRS for personalty: half-year convention Modified 30 * 31 MACRS for personalty: mid-quarter convention Modified 31 32 ACRS for realty Modified 32 33 MACRS for realty Unchanged 33 34 MACRS for realty Unchanged 34 35 MACRS for realty Unchanged 35 * 36 MACRS and § 179 expensing Modified 36 * 37 Section 179 expensing and carryforwards Modified 37 * 38 MACRS and § 179 expensing Modified 38 * 39 MACRS for personalty: mid-quarter convention and § 179 expensing Modified 39 * 40 Section 179 expensing and carryforward Modified 40 * 41 Listed property and § 179 deduction: not passenger automobile Modified 41 * 42 Listed property: luxury auto Unchanged 42 * 43 Listed property: luxury auto Unchanged 43 * 44 Listed property: not passenger automobile Modified 44 * 45 Listed property: recapture and luxury auto Modified 45 * 46 Listed property Modified 46 47 Listed property and § 179 deduction: production of income use Unchanged 47 48 Listed property: leasing Modified 48 * 49 Listed property: lease versus purchase for luxury auto Modified 49 50 Alternative depreciation system Unchanged 50 51 Alternative minimum tax cost recovery New * 52 Alternative depreciation system: 150% declining- balance Unchanged 52 * 53 Alternative depreciation system versus MACRS Unchanged 53 54 Amortization of goodwill Unchanged 54 * 55 Amortization of goodwill versus MACRS on building Unchanged 55 * 56 Depletion: cost versus percentage Unchanged 56 * 57 Intangible drilling costs: capitalized versus expensed
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Comp SM_Ch08 - CHAPTER 8 DEPRECIATION COST RECOVERY...

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