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Linneus Missouri | Remember that the 15% depreciation allowance is based on the idea that there is no more oil in that hole once it is pumped dry. Now, if the government would accept Dr. Thomas Gold research documented in Deep Hot Bio-Sphere and realize that oil is also a renewable instead of a fossil fuel, they could end that allowance.
As far as equipment depreciation does the Ethanol industry have any special tax write offs or property tax write downs for the land the plants are sited on?
Almost all industry has something special in the tax area so it seems foolish for the pot to call the kettle black. | |
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Ethanol and Keystone pipeline
