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i believe stadiums are depreciated on a 39 year schedule ...

Posted on: May 16, 2019 at 11:17:09 CT
tmcats KSU
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"IRS rules define when an asset is placed in service and depreciation of the asset may begin. An asset is considered to be placed in service when it is first put into a condition or state of readiness and availability for a specifically assigned function." bassets.net

Edited by tmcats at 11:19:46 on 05/16/19
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Dumb question regarding AD losses - DevilsAdvocate KC - 5/15 19:53:23
     Oooooh, I love it when you talk accounting. - Deputy Dawg MU - 5/17 12:59:52
     what was the AD doing with the surplus from years before - KCT-BoneTiger MU - 5/16 12:21:50
          You can't look at those years - BigDave MU - 5/16 15:01:45
               the only agenda was to crank some thought ... - tmcats KSU - 5/17 11:56:05
     No asset can be depreciated if it's not complete - samclemens MU - 5/16 08:18:35
          Yes, this what I would expect - DevilsAdvocate KC - 5/16 13:06:40
               Here is the math - BigDave MU - 5/16 15:33:08
                    Makes sense as I did not know they were only financing - DevilsAdvocate KC - 5/16 19:14:59
     Would think those results are based upon Fund - jumbo73 MU - 5/16 07:26:35
     Depreciation is different for non-profit entities too, and - alwaysright MU - 5/16 07:03:04
          Even though they are under fund accounting rules - DevilsAdvocate KC - 5/16 19:16:49
          i believe stadiums are depreciated on a 39 year schedule ... - tmcats KSU - 5/16 11:17:09
     Here is a dumb explanation of SEC finances - TigerJackSwartz MU - 5/15 22:30:06




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