Depreciation and Amortization: Straight Line GAAP vs. IRS Tax Depreciation

In this video, I'll show you how accounting for depreciation and amortization related to fixed assets and intangible assets can differ between GAAP and IRS tax accounting. GAAP book to tax differences happen when the GAAP accounting and tax accounting are different. We will go over the following book to tax differences such as straight line depreciation, straight line amortization, MACRS Depreciation, Section 179 and Section 197.
Check out the full video:
5 Examples of Book to Tax Differences ➡️ GAAP Accounting vs IRS Tax Accounting
• 5 Examples of GAAP and...
Also check out:
Introduction to Accelerated Tax Depreciation ➡️ Bonus Depreciation and Section 179
• Introduction to Accele...
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