Joined: 09 Apr 2010 Location: United States
Online Status: Offline Posts: 117
Posted: 14 Jul 2011 at 20:38 | IP Logged
Thanks for your reply. But what I got from review materials or internet is many more complicated!
Go to ruraltax.org
There're a few pages re the list of various year properties. The problem is that nobody can closely figure out what are tested, except some AICPA people.
Joined: 11 Aug 2010
Online Status: Offline Posts: 52
Posted: 14 Jul 2011 at 23:22 | IP Logged
Yeah but are you going to memorize a million different
types of assets just to make sure you have their life down?
No... but I bet if you know what I mentioned above, you can
narrow any asset down to at least give yourself a shot at
getting the correct depreciable life without wasting all of
that time studying asset lives. Besides, if you got a sim
about asset lives (the only case I can see where it would
be worth to know the life like the back of your hand
because of the point value), you'd be able to look in the
code for the correct life.
Joined: 09 Apr 2010 Location: United States
Online Status: Offline Posts: 117
Posted: 14 Jul 2011 at 23:37 | IP Logged
But the fact is that REG is getting much harder, based on so many feedback/comments. No one knows the difficult level he/she is gonna hit in the coming test. For myself, I'd better prepare more instead less, as many I can memorize as possible.
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Topic: 3,5,7,10 year properties
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