Auctions!!!!!

[therealnorthernf]

I'll have 42 Morris 4.5'' flat packer wheels off a Contour 1 available if anyone is in need.. also 42 Dutch 3" precision openers for Nh3 or liquid tube for a contour 1 new front knives included..

[helmsdale]

I'm worrying about breakdowns and part availability.. when U order parts 7 months out and they don't arrive.. I'm hearing truck and Ag tires are Very expensive if they can be found.

shit could get real ugly really fast.

Good Luck everyone

I *think* I've got most everything on farm to put things in the field for seeding, but there are always the unexpected breaks that you couldn't necessarily forsee... There are a couple parts that I got the last ones in RME's dealer stock, and they have been backordered since everyone started stocking up for their usual spring seeding run. That doesn't bode well.

[furrowtickler]

Big winners will be RB and the tax man this spring

[AlbertaFarmer5]

Big winners will be RB and the tax man this spring

I wonder how many accountants will have to brush up on how to deal with recapture of depreciation this year. Probably hasn't been something anyone in agriculture had to deal with in the past

[furrowtickler]

I wonder how many accountants will have to brush up on how to deal with recapture of depreciation this year. Probably hasn't been something anyone in agriculture had to deal with in the past

Not to this extent

[WiltonRanch]

Time to market the degelman ground drive rock picker. Anyone interested?

[wrongway]

I wonder how many accountants will have to brush up on how to deal with recapture of depreciation this year. Probably hasn't been something anyone in agriculture had to deal with in the past

digging out the purchase price to figure capital gains on equipment that has been dragged out of the slough/bush/pasture...eg harrow packer bars, ground drive stone pickers, k100s, f600's...

[AlbertaFarmer5]

digging out the purchase price to figure capital gains on equipment that has been dragged out of the slough/bush/pasture...eg harrow packer bars, ground drive stone pickers, k100s, f600's...

Do you actually need the purchase price? Once it has been depreciated to zero, isn't that the book value you have to use?

[blackpowder]

Time to market the degelman ground drive rock picker. Anyone interested?

Don't worry, I'm cleaning up lol.

[wrongway]

Do you actually need the purchase price? Once it has been depreciated to zero, isn't that the book value you have to use?

if you sell it for more than you purchase it for the difference is a capital gain which 50% is taxed at your marginal rate... then the balance is deducted from your cca schedule till it hits nill then is taxed fully as recaptured capital cost allowance.

these new accelerated cca deductions can get a person in trouble if you take the full amount to reduce taxes while using a loan for the purchase. this may be why trading multiple units often is so popular.