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#1
May 11th 07, 11:17 PM
posted to rec.aviation.owning
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Depreciating aircraft parts, dealing with taxes, etc.
On Fri, 11 May 2007 14:09:41 -0700, "Matt Barrow"
wrote: That's not how a pre-paid expense works. True! An easy to understand example of a pre-paid expense is an insurance premium. You pay for so many months and use up (account for it) one month at a time until it's depleted. 
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