plowhog
Elite Member
- Joined
- Dec 8, 2015
- Messages
- 3,389
- Location
- North. NV, North. CA
- Tractor
- Massey 1710 / 1758, Ventrac 4500Y / TD9
I cannot deduct the cost of equipment, but I do believe purchasing such items is a good investment in these times. Some would throw tomatoes at me for saying that, but every piece of equipment (except for a brand new cab tractor) is now worth more than what I paid for it. And the cab tractor might be close to original price.One thing that don't concern me is equipment cost because it's all a business write off anyway.
I lived through the Carter "stagflation" years of the 80's, which is sort of similar to today. I don't want to touch off a political debate, but I have no problem trading "declining value greenbacks" for equipment that is only getting progressively more expensive.
But -- a $38k diesel mower might blow a hole through all of this ...
