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ADC/input costs
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<blockquote data-quote="Caustic Burno" data-source="post: 1253368" data-attributes="member: 694"><p>A liability is something that is an outflow of cash. This is no different in paying Uncle Sam as you are paying</p><p>on last years income writing off the cost of the land etc because it was a liability until you sell it.</p><p>This beats nothing as you get to keep pennies on the dollar spent. </p><p>If it doesn't pay income or you don't sell, it never becomes an asset. Again you have no clue on what you owe</p><p>Uncle Sam this year until your final income is figured you are operating a year behind. </p><p>There is only two categories Income or Loss. Depreciation is just BSing yourself and carrying loss over several years. There is no such thing as a 20 year fence or a 10 year tractor until it last that time frame.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 1253368, member: 694"] A liability is something that is an outflow of cash. This is no different in paying Uncle Sam as you are paying on last years income writing off the cost of the land etc because it was a liability until you sell it. This beats nothing as you get to keep pennies on the dollar spent. If it doesn't pay income or you don't sell, it never becomes an asset. Again you have no clue on what you owe Uncle Sam this year until your final income is figured you are operating a year behind. There is only two categories Income or Loss. Depreciation is just BSing yourself and carrying loss over several years. There is no such thing as a 20 year fence or a 10 year tractor until it last that time frame. [/QUOTE]
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