HP3000-L Archives

April 2000, Week 4

HP3000-L@RAVEN.UTC.EDU

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Subject:
From:
Steve Dirickson <[log in to unmask]>
Reply To:
Steve Dirickson <[log in to unmask]>
Date:
Sat, 22 Apr 2000 14:14:42 -0700
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> As for tax breaks...remember that you can only deduct the fair
market
> value ... which for a 42 or a 925 is nearly 0   :(

There's a pretty good chance that it's *exactly* zero. If the company
has taken either all of the periodic depreciation deductions from the
appropriate schedule or the Section 179 full-price deduction in a
single year, then the "tax break" has already been taken, the basis in
the item is zero, and donating it qualifies for the same tax reduction
as eating it: none.


Steve Dirickson   WestWin Consulting
[log in to unmask]   (360) 598-6111

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