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Brown Cafe UPS Forum
UPS Union Issues
Central States Enhanced Plan/And why I may vote no
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<blockquote data-quote="Catatonic" data-source="post: 1138695" data-attributes="member: 7966"><p>No they are not.</p><p>Any purchase that is made that will generate cash flow in years after the purchase year must be capitalized.</p><p>These assets cannot be deducted in the purchase year but must be depreciated over a certain number of years based on their asset class.</p><p>Try filing a business tax and deduct the purchase of a Cap Ex over $500 such as a vehicle.</p><p>You will be paying more taxes and a penalty.</p><p>Admit it, you don't have a clue!</p><p></p><p>I'll even provide a link so you'll stop making a fool of yourself.</p><p></p><p><a href="http://www.diffen.com/difference/Capex_vs_Opex" target="_blank">http://www.diffen.com/difference/Capex_vs_Opex</a></p><p></p><p><a href="https://en.wikipedia.org/wiki/Capital_expenditure" target="_blank">https://en.wikipedia.org/wiki/Capital_expenditure</a></p><p><a href="https://en.wikipedia.org/wiki/Capital_expenditure" target="_blank"></a></p><p><a href="https://en.wikipedia.org/wiki/Capital_expenditure" target="_blank"></a></p></blockquote><p></p>
[QUOTE="Catatonic, post: 1138695, member: 7966"] No they are not. Any purchase that is made that will generate cash flow in years after the purchase year must be capitalized. These assets cannot be deducted in the purchase year but must be depreciated over a certain number of years based on their asset class. Try filing a business tax and deduct the purchase of a Cap Ex over $500 such as a vehicle. You will be paying more taxes and a penalty. Admit it, you don't have a clue! I'll even provide a link so you'll stop making a fool of yourself. [URL]http://www.diffen.com/difference/Capex_vs_Opex[/URL] [URL="https://en.wikipedia.org/wiki/Capital_expenditure"]https://en.wikipedia.org/wiki/Capital_expenditure [/URL] [/QUOTE]
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Central States Enhanced Plan/And why I may vote no
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