Posted 12/12/2018 21:48 (#7167661 - in reply to #7167535) Subject: RE: Tractor purchase Delima/scenario
Southwest Ontario
hinfarm - 12/12/2018 20:58
Do you want to be making payments over 7 years or get it over with at 5?
I guess I’d ask yourself that question. Might look good now till you need ______ five years down the road.
Ask your accountant how many years he will depreciate it over. Your tax laws are differnt from mine, but my general rule is to make the payments match the depreciation.