Palamedes
Well Known Member
Does anyone here have any advice or experiences that they would care to share regarding depreciating an aircraft you're building?
I own my own company and I figure if I "sell" my tools and each part to that company as I purchase it, I can depreciate it over time to help offset some of the costs.
But not sure the ramifications or if there are any gotchas. I'm going to talk to my accountant about this next week, but if anyone has any advice at all on the topic I'd love to hear it.
Thanks
I own my own company and I figure if I "sell" my tools and each part to that company as I purchase it, I can depreciate it over time to help offset some of the costs.
But not sure the ramifications or if there are any gotchas. I'm going to talk to my accountant about this next week, but if anyone has any advice at all on the topic I'd love to hear it.
Thanks