I think you have that backwards. By writing them off each year if you sell you will have to bring that money back as it wasn’t truly an expense - those radios still have value and you will end up owing the taxes.
Mark > On Feb 21, 2022, at 6:10 PM, Jesse DuPont <jesse.dup...@celeritycorp.net> > wrote: > > We treat them as assets throughout the year so we can have a better sense of > EBITDA, but our accountant pushes them all to "Supplies" at the end of the > year since they're not truly assets by GAAP standards and then we won't have > recapture down the road, if that ever happens. > > Jesse DuPont > Owner / Network Architect > email: jesse.dup...@celeritycorp.net <mailto:jesse.dup...@celeritycorp.net> > Celerity Networks LLC / Celerity Broadband LLC > Like us! facebook.com/celeritynetworksllc > Like us! facebook.com/celeritybroadband > > On 2/21/22 2:35 PM, Chuck McCown via AF wrote: >> Do you guys expense SMs as you go or call them assets and do a mass >> depreciation each year? >> >> I know we had to reverse a bunch of depreciation when we sold the wisp. >> Depreciation Recapture. Bunch of crap if you have never heard of it before >> and were not expecting it. >> >> >> > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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