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Hidden costs in owning fedex routes
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<blockquote data-quote="dmac1" data-source="post: 2519448" data-attributes="member: 60252"><p>Depreciation is a cost that can bite you if/when you sell or lose your contract. When you buy the business or a new vehicle for it, the vehicle(s) may be 50% of the value of the business. Depreciation will save you on taxes, but also decrease the value of the business. So if you depreciate the equipment on your taxes, it kind of falsely inflates your income. You should really set aside the amount you depreciate when calculating real income. Real income is more complicated that just cash flow.</p></blockquote><p></p>
[QUOTE="dmac1, post: 2519448, member: 60252"] Depreciation is a cost that can bite you if/when you sell or lose your contract. When you buy the business or a new vehicle for it, the vehicle(s) may be 50% of the value of the business. Depreciation will save you on taxes, but also decrease the value of the business. So if you depreciate the equipment on your taxes, it kind of falsely inflates your income. You should really set aside the amount you depreciate when calculating real income. Real income is more complicated that just cash flow. [/QUOTE]
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