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and that's why I dislike you Bruin Boys...;-) (archive)

[ Follow Ups ] [ 5-series (E39) Message Board ] [ Msg. Board FAQ ]

Posted by beewang on July 09, 2000 at 02:18:03:

In Reply to: Re: OT: Credit repair posted by buboy on July 09, 2000 at 00:07:22:

Hey ehhh BuBoy!! What kindda accounting class are they teaching out in Westwood???
a) It's gotta be a MACR (aka dbl declineing Balance)method.
b) MACR gets you a much higher depreciation expense. Much more desirable then Staight line if you are trying to sheild your comapany's income from Uncle Sam.
c)You don't need an "awesome accountant" just one that knows the rule.

Oh!! I forgot!! You guys don't have an accounting dept. ;-) duh!!!

Fight-On, baby!!!

".... The only good bruin is a dead bruin!!" ;-)
"If the glove don't fit, you must acquit!!"



: Wolfgang:

: Have your corporation buy the M5, then lease it from the company. Or, if you have an awesome accountant, you can find a way to do a straight line depreciation on the car!

: Creative accounting is always the best way for the uber-rich!

: Enjoy your M5! No point in leasing it if you don't have to... just buy it and enjoy it.

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