I have been asking myself this question for years. How long should I keep my tractor or any other item I am depreciating? I am not alone in this question. This debate has been around for as long as accounting has been around. Well maybe not. Accounting began in the 15th century to aid merchants in European and Mediterranean countries. Florence, Italy was a mecca for international trade back in the day. About that same time was the shift from Roman numbers to Arabic numbers. Depreciating capital assets came later.
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