Moveable walls – Joel on Software
Moveable walls – Joel on Software:
There’s a loophole. Office furniture can be depreciated much faster than leasehold improvements, over 7 years. So for $20 of office furniture you can deduct about $3 a year: better than nothing. Even better, office furniture is a real asset, so you can lease it. Now you’re not out any cash, just a convenient monthly payment, which is 100% deductable.
This is why companies build cubicle farms instead of walls, even though the dollar cost is comparable.
the most lucid explanation of why companies stuff us into those rat’s mazes I’ve ever seen. the answer, of course, is simple: the government subsidizes cubes and penalizes offices through corporate tax policies.
whoo-pee!
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