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Yupper: operating expenses to expense, capital items to depreciation schedules, etc.

The idea here being to "expense in year purchased", i.e. "sales use taxes", as much as possible, and depreciate that "which must be depreciated", i.e. "true capital cost" of the materials/goods only.

Has the net effect of raising the first year deductions when slip apart.

KBM (clarifications R us)
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