In a message dated 11/22/01 6:24:30 PM Eastern Standard Time, [EMAIL PROTECTED] writes:
> > Deductions are not 100% money-in-the-pocket. It depends on your tax > bracket. > > 100% amortized for a person in a 28% tax bracket means only that you have > recouped $280 on the $1,000 you have spent, so you are still out of pocket > by $720. > > Work out the math. > > Maris > Maris, IN THE UNITED STATES, if you pay $1,000 for an item used ~in your business~, you have two ways to amortize the cost: regular or accelerated depreciation. Either way, you bought $1,000 worth of business equipment and can (IRS says you "must") depreciate the total cost, plus the cost of maintenance on the equipment, choosing the standard which best fits into the accounting methods you first chose when you started your business. As for taxes: corporations don't have IRS "tax brackets," only individuals. Mafud [EMAIL PROTECTED] [EMAIL PROTECTED] - This message is from the Pentax-Discuss Mail List. To unsubscribe, go to http://www.pdml.net and follow the directions. Don't forget to visit the Pentax Users' Gallery at http://pug.komkon.org .
