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The Water Cooler
General Discussion
Tax write offs do they amount to anything substantial??
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<blockquote data-quote="SoonerP226" data-source="post: 3955673" data-attributes="member: 26737"><p>You're ignoring depreciation. 24K mi/year is destroying the value of the asset at almost twice the normal rate--the average annual mileage is somewhere around 12.5K mi/year. And the depreciation is going to be much worse on a newer car.</p><p></p><p>Depreciation doesn't mean a whole lot to guys and gals like me and you and [USER=45551]@THAT Gurl[/USER] who keep vehicles forever, but it is a factor in the calculation.</p></blockquote><p></p>
[QUOTE="SoonerP226, post: 3955673, member: 26737"] You're ignoring depreciation. 24K mi/year is destroying the value of the asset at almost twice the normal rate--the average annual mileage is somewhere around 12.5K mi/year. And the depreciation is going to be much worse on a newer car. Depreciation doesn't mean a whole lot to guys and gals like me and you and [USER=45551]@THAT Gurl[/USER] who keep vehicles forever, but it is a factor in the calculation. [/QUOTE]
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Tax write offs do they amount to anything substantial??
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