All About McCain

[scaeagles]

Being that I work in the property tax industry, including personal property, I'd like to point out that aircraft is a depreciating asset. The aircraft in question was purchased in 2005 and sold in 2007. While there are varying depreciation tables for aircraft, a common one in our system is 20% the first year, and 32% the second year. Considering they sold the plane for 22% less than the original purchase price, that's actually better than depreciation tables might suggest it should have sold for.

Also, I don't think she clained to have made a profit. It was that she got rid of it.

Edited to add - Now I see that Moonliner is beating me by mere minutes in terms of posting basically the same thing.