Archived posting to the Leica Users Group, 1999/12/02

[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]

Subject: [Leica] Re: Beating Dead horses
From: "Michael D. Turner" <mike@lcl-imaging.com>
Date: Fri, 03 Dec 1999 03:22:24 +0000

Eric Welch wrote:

> 13. Donate the dead horse to a recognized charity, thereby
> deducting its full original cost.

Sorry, Eric. Fair market value for the dead horse, unless it's worth more dead
than when it was originally purchased. If it was held short term, then
FMV-gain if it might have been sold at FMV (basically, original cost); if long
term, then FMV unless the charity puts it to an unrelated use, like selling it
to the knacker's yard--back to original cost less depreciation. No free rides
on a dead horse ;) ...
- -Mike