BTW, you are saying your machinery after ten years is worth ZERO??? My 1680 I just got rid of, that I had for 5 years, cost me 800 dollars a year in capital outlay. My 2388 I just got has been highly depreciated already, and I am confident when I trade it in say 5 years, It will be similar to the 1680 in capital outlay. I bought a 4640 in 1993. It is probably worth almost exactly what it was worth then, today.
Same with my 9270 tractor. In fact, from what I see, it is worth more now than it was 5 years ago.
I dunno, how do you figure costs on an item that retains its value? I know what to do with new machinery that loses 80% of its value rapidly, but what about stuff that maintains or even increases its value???
Same with my 9270 tractor. In fact, from what I see, it is worth more now than it was 5 years ago.
I dunno, how do you figure costs on an item that retains its value? I know what to do with new machinery that loses 80% of its value rapidly, but what about stuff that maintains or even increases its value???
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