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Sure you would get a pretty funny situation, if you took all the tax credit in year one but also wiped out the entire book value of the asset in year 2! :D

What I'm proposing is not that though: the balance sheet value of the asset should still be depreciated by 5 % per year, but the entire tax credit should be allowed to be claimed year 1. I think this might very well be the most efficient tax cut ever, bang-for-the-buck-wise.

Now, please rip it to pieces. :)

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Jan 27th, 2011 at 08:03:44 PM EST
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