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Depreciating aircraft parts, dealing with taxes, etc.



 
 
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Old May 11th 07, 11:17 PM posted to rec.aviation.owning
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Default 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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