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To: GraceZ who wrote (4685)7/2/2002 11:38:19 PM
From: AhdaRespond to of 24758
 
The rules that are imposed on you for how these things are suppose to be depreciated are completely antiquated because they don't account for something that becomes worthless long before you can get it off the books.

If we go to rules you are being penalized for being in the rental business. If you sell the property you are hit with capital gains although you receive deductions now. So again we have catch twenty two and in that catch is how we create cash flow. For our Nation litigation is the main stream cash flow no matter which party is in power.

If you remove legal aspects then you immediately reduce operational cost and labor costs. Yet both of these contribute a great deal to the economy in which we exist.

Bet you a nickle the company using Visacalc is owned by people who come from the continent of Asia. VBG