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Depreciation for players in sports teams was introduced in 1909? Didn't know, I'm not from the US, so thank you.
by KingOfCoders 5y ago
Depreciation for players in sports teams was introduced in 1909? Didn't know, I'm not from the US, so thank you.
- xyzzyz 5y agoNo, the point is that there is no special treatment in the tax code with respect to depreciation and sports teams. Same rules as for everything else apply.
- KingOfCoders 5y agoSome would argue that a factory machine that breaks over time is different from a sports player who gets better and more valuable over time. But I guess if you squeeze your eyes hard enough, everything looks the same.
- bart_spoon 5y agoKind of depends. Every player eventually depreciates in value as age and wear increases. Some players will first appreciate as they hit their prime, but not all.