[jeff]

REG Resources:

Free REG Notes & Audio – https://www.another71.com/cpa-exam-study-plan

REG 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

REG Score Release: https://www.another71.com/cpa-exam-scores-results-release

[MrsBing]

Can someone explain bonus depreciation and how it works?

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[MrsBing]

I noticed on on Corporation AMT there's an AMT NOL deduction. What is this deduction and how is it calculated?

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[MrsBing]

I noticed on on Corporation AMT there's an AMT NOL deduction. What is this deduction and how is it calculated?

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[Jennifer241]

@MrsBing Bonus depreciation is just the ability to depreciation 50% of new assets placed into service in a trade or business. This is on NEW purchases only, and is not used for real estate. The government implemented this tax incentive to try to stimulate the economy and entice taxpayers to purchase NEW goods.

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Jennifer241]

@MrsBing Bonus depreciation is just the ability to depreciation 50% of new assets placed into service in a trade or business. This is on NEW purchases only, and is not used for real estate. The government implemented this tax incentive to try to stimulate the economy and entice taxpayers to purchase NEW goods.

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[MrsBing]

Thanks @Jennifer

For those using Becker, the Ethics and Professional Responsibilites at the end of chapter 4. Becker says this section is minor and only expect to receive 2-3 questions on this. When I go through what's tested on the exam it says 15% for Ethics. Is this Becker section all of Ethics or are there other parts in the book that relates to Ethics?

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[MrsBing]

Thanks @Jennifer

For those using Becker, the Ethics and Professional Responsibilites at the end of chapter 4. Becker says this section is minor and only expect to receive 2-3 questions on this. When I go through what's tested on the exam it says 15% for Ethics. Is this Becker section all of Ethics or are there other parts in the book that relates to Ethics?

Becker, Wiley Test Bank, and Ninja 10 Point Combo!

FAR: 89
REG: 87
AUD: 92
BEC: 75
Ethics: 90

Licensed Arizona CPA

[Jennifer241]

The CSO's state that Prof & Legal Resp's & Federal Sec.s Act make up 15 – 19% of the exam material.

So what I think Becker is telling you here, is that of that 15-19%, they feel you are going to see more questions that make up the federal sec's act versus the prof & legal resp's questions.

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Jennifer241]

The CSO's state that Prof & Legal Resp's & Federal Sec.s Act make up 15 – 19% of the exam material.

So what I think Becker is telling you here, is that of that 15-19%, they feel you are going to see more questions that make up the federal sec's act versus the prof & legal resp's questions.

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[kels417]

@weston – I am sure they would tell you what to assume for amt also. I didn't have an issue understanding what number i was supposed to use with any of my questions. Best of luck!

Illinois
Becker self study | Becker flashcards | Gleim | self written notes | WTB

AUD - 74, 75 Passed! (Expires 1/2/2014)
BEC - 78 Passed! (Expires 2/6/2014)
REG - 70, 70, 72, 74, 76 Passed!!
FAR - 72, 66, 69, 67

[kels417]

@weston – I am sure they would tell you what to assume for amt also. I didn't have an issue understanding what number i was supposed to use with any of my questions. Best of luck!

Illinois
Becker self study | Becker flashcards | Gleim | self written notes | WTB

AUD - 74, 75 Passed! (Expires 1/2/2014)
BEC - 78 Passed! (Expires 2/6/2014)
REG - 70, 70, 72, 74, 76 Passed!!
FAR - 72, 66, 69, 67

[NetsForce]

If I had 3 different miscellaneous expense amounts, let's say each for $10,000.

I would add all 3 together and then conduct the 2% AGI calculation for my miscellaneous expense itemized deduction, correct?

[NetsForce]

If I had 3 different miscellaneous expense amounts, let's say each for $10,000.

I would add all 3 together and then conduct the 2% AGI calculation for my miscellaneous expense itemized deduction, correct?

[Jennifer241]

Yes

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Jennifer241]

Yes

AUD - Jan 9,13 Pass
REG - Aug 30,13 Pass
BEC - Oct 26,13 Pass
FAR - Dec 4,13 Pass

Licensed CPA in the state of Oregon

[Author]

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