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It would be used up if we'd expect the package of trademarks, rights, properties, NFL membership, etc that is the "team" to have lost most of its value after 15
by youarewrong 9y ago
It would be used up if we'd expect the package of trademarks, rights, properties, NFL membership, etc that is the "team" to have lost most of its value after 15 years. Nobody expects that. Everybody expects your 15 year old laptop to be worthless.
(Operating expenses don't matter, they're accounted for anyways. No double dipping!)
- kazinator 9y ago> Everybody expects your 15 year old laptop to be worthless. Though that is true, the rules don't actually allow it to be written off over 15 years anyway; and, besides, they are not based on the future value of specific kinds of equipment. If some asset which completely retains its value were necessary for my business, I could still write off its purchase.