In today's economy, the question is often not whether to fix or replace equipment, fixtures, business assets or even the building housing the tree care operation — it is which path is affordable. Will the tree care business benefit more from an immediate write-off for the cost of repairs or does the lack of profits and a big tax bill mean smaller depreciation writeoffs in later, hopefully more profitable years will be more rewarding? There is also the question of just what the Internal Revenue Service will allow. The tax collector's power to reclassify an immediate expense deduction as a smaller series of depreciation deductions stretching over the life of the property is yet another factor that must be considered.
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