I can understand any obvious, above ground improvements with an assessable value being depreciable. In my case that has always been negligible. Maybe this is a regional difference, but what I don't understand is the tile thing. How do you prove what's there unless there are records available of fairly recent installations? Here any attempt at guessing what's underground would be so arbitrary as to be ridiculous. So what about water wells? Open ditches? Definitely the myriad tons of rock that has been picked and hauled off here is an improvement. Keeping the egdes trimmed back -where does it end? Now that the price is $5000/acre plus instead of $800, this wouldn't work- but when I bought one could have made the case that the total improvements to make this land profitably farmable exceeded the purchase price! I guess I just have a mental block.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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