Federal CE
2016 2 Hours Business Income

2016 2 Hours Business Income

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Objectives

At the end of this lesson the student will:

  • Define the difference between the different accounting periods and accounting methods
  • Recognize the difference between an independent contractor and an employee requirement
  • Illustrate when to use Schedule C-EZ and when to use Schedule C
  • List some samples of a start-up costs
  • Determine the property’s useful life to be able to be depreciateded
  • Explain why certain property cannot be depreciated
  • Understand when depreciation begins and ends
  • Identify which method of depreciation to use for the property

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