On Sep 6, 2009, at 12:14 PM, Michael Perelman wrote:
A building that has been completely depreciated may be sold to another owner, who will begin the depreciation process all over again.
The excess depreciation will result in a "fictitious" capital gain, taxed at a lower rate than the real profits would have been. A cleverly designed tax dodge that, as Michael says, will keep on giving as long as the building stands!
Shane Mage
This cosmos did none of gods or men make, but it always was and is and shall be: an everlasting fire, kindling in measures and going out in measures." Herakleitos of Ephesos
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