![](https://investorshub.advfn.com/uicon/554044.png?cb=1466581786)
Monday, March 27, 2017 11:13:05 AM
Businesses depreciate long-term assets for both tax and accounting purposes. The former affects the balance sheet of a business or entity, and the latter affects the net income that they report. Generally the cost is allocated, as depreciation expense, among the periods in which the asset is expected to be used.
See this post for clarity
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129335276
Our friend Cryptofan surmises the following...makes sense
Actually, if I read the 8k correctly, $USRM sold their equipment assets to GACP, then turned around and leased the same equipment FROM GACP at a base rate of $20,000 per month plus a graduated amount to increase over time.
This, in a way, makes good sense if the equipment's no longer capable of being depreciated on the taxable assets of $USRM. So they sell it to GACP so that it's no longer on their books, then lease the equipment from GACP. It reduces their taxable asset burden and may also provide them with a service cost to write off.
The $2.5 Million strategic investment is a nice bit of news, also
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM