[Anonymous]

I couldn’t find the original post for this (or if there even was one)

2011: 250K deductible for equipment purchased upto 800K, deduction reduced dollar for dollar over 800K

2012: 125K deductible for equipment purchased upto 500K, deduction reduced dollar for dollar over 500K

Is this right? Anyone take REG in 2012 have issues with this? I have the exam tomorrow and will pull my hair out if the choices for MCQ are between 2011 and 2012 deductions. Any help appreciated!

[jdj017400]

The AICPA states that it only tests items that have been in effect for the previous 6 months. So the 2011 amounts should still be applicable.

https://www.aicpa.org/BecomeACPA/CPAExam/ExaminationContent/NewPronouncementPolicy/Pages/new_pronouncements.aspx

BEC - 80 (11/30/2010), Lost Credit - Retake 11/30/2012, 80 (FINISHED!)
AUD - 71 (05/31/2011), 79 (08/28/2011)
REG - 70 (11/30/2011), 87 (02/09/2012)
FAR - 61 (5/31/2012), 80 (08/31/2012)

[jdj017400]

Also, your 2011 amounts stated above are incorrect. I think the 2011 amounts (via Becker Updates) is $500K up to $2,000,000.

BEC - 80 (11/30/2010), Lost Credit - Retake 11/30/2012, 80 (FINISHED!)
AUD - 71 (05/31/2011), 79 (08/28/2011)
REG - 70 (11/30/2011), 87 (02/09/2012)
FAR - 61 (5/31/2012), 80 (08/31/2012)

[Anonymous]

“I think the 2011 amounts (via Becker Updates) is $500K up to $2,000,000. “

I was about to say the same thing. My Gleim book has those amounts.

[Author]

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