bergdahl at OAK.CATS.OHIOU.EDU
Tue Oct 10 12:46:23 UTC 2000
Is the word you're searching for "expensed"?
> I can't find the applicable publication, but I seem to remember that
> borrow pits are noted somewhere in the U.S. tax code. Years ago, in an
> undergrad class, a professor noted that the material removed from a
> borrow pit, as by a contractor/owner, could be written off under the tax
> code, much as if oil removed from the ground. [It is not depreciated,
> there is another term that escapes me at the moment.] Interestingly,
> the resultant borrow pit 'hole' is property with value. If the hole is
> filled in, as with refuse, there is a tax write off once more.
> The above info is not presented as tax advice. Please see your trusty
> accountant before writing off borrow pit costs.
> George S. Cole gscole at ark.ship.edu
> Shippensburg University
David Bergdahl http://oak.cats.ohiou.edu/~bergdahl
tel: (740) 593-2783
366 Ellis Hall Ohio University Athens, Ohio 45701-2979 fax:
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