Originally Posted By: jazzmammal

Government rules also allow companies to donate whatever they want and get a charitable contribution deduction for it. My guess is they ran both sets of numbers and they got a bigger deduction by destroying them. The reason for destroying them btw, is the IRS "salvage" rules. If the numbers are large, this could trigger an audit if they don't have proof of that. This is an area where it's easy for a company to cheat by not destroying them but taking the depreciation anyway.


Thanx for the explanation. I had no idea.


Originally Posted By: jazzmammal
Things like this are not as obvious or as simple as it at first appears.

Bob


IMHO nothing is obvious or even sensible when it comes to government rules and regulations.


I want my last spoken words to be "I hid a million dollars under the........................"

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