Posted by Southern Ray on December 26, 2018 at 16:33:43 from (108.219.75.244):
The post below got me remembering way back when I was just a young guy. I was at one of those tractor and implement promotionals the dealers put on for the farmers in the community. All the guys my age were standing around the beer kegs and listening to the local farmers talk shop. One farmer took the floor and begin to tell of how he really liked his Allis Chalmers and wanted to keep it. He put it in the shop and had the dealer completely rebuild it from back to front. He essentially had a new tractor. He then went on as how his accountant advised him to depreciate it rather than expense it, or was it the other way around. I was too young to fully understand the difference. I have often wondered how it came out which is better.
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