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<blockquote data-quote="Bright Raven" data-source="post: 1553040" data-attributes="member: 27490"><p>No. I am not suggesting making frivolous purchases. In fact, I don't have my own hay equipment because it does not pencil out. There are essential investments that have to be made. You have to be able to move a round bale of hay. It takes a piece of equipment to do that - a tractor or skid steer. I am simply stating that those capital expenses can be depreciated. At the end of depreciation they have value. For example, my tractor was depreciated over a 5 year depreciation period. It still has value. If I sell my estate this summer, that equipment has value after being written off against my income. Which includes my retirement annuity.</p></blockquote><p></p>
[QUOTE="Bright Raven, post: 1553040, member: 27490"] No. I am not suggesting making frivolous purchases. In fact, I don't have my own hay equipment because it does not pencil out. There are essential investments that have to be made. You have to be able to move a round bale of hay. It takes a piece of equipment to do that - a tractor or skid steer. I am simply stating that those capital expenses can be depreciated. At the end of depreciation they have value. For example, my tractor was depreciated over a 5 year depreciation period. It still has value. If I sell my estate this summer, that equipment has value after being written off against my income. Which includes my retirement annuity. [/QUOTE]
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