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Midwest | Look at it this way. short term expenses generally get expensed in the year made. intermediate term expenses get depreciated at rates politically determined, they still show up as an asset on the accrual balance sheet. long term assets do not get depreciated but go on the accrual balance sheet at book value. Point being 179 is a political decision and should be treated as such. You still have the value on your balance sheet you hand the banker. The tax depreciation schedule should be viewed as a cash management issue in your business and not much else. Besides with ag incomes dropping dramatically you might not need a depreciation schedule to manage future taxes . | |
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Section 179
