Go to irs forms and get the schedule F form. This will give you the categories of income and expenses items. I do not have separate business entities, just separate pages for everything involved. My accountant does all the deperciation. If you plan to deperciate your machinery, you use your actual cost. You can deperciate tile, buildings, machinery, and other items used in your operation. The only thing that will bite is when you sell these items. All the value will be deperciated out and the sale price will be all capital gain.
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Today's Featured Article - Hydraulic Basics - Part 2 - by Curtis Von Fange. In the last entry to this series we gave a brief overview of hydraulic system theory, its basic components and how it works. Now lets take a look at some general maintenance tips that will keep our system operating to its fullest potential. The two biggest enemies to a hydraulic system are dirt and water. Dirt can score the insides of cylinders, spool valves and pumps. Wate
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