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Wayne.B
 
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Default lifespan of tugboats?

On Sun, 01 Aug 2004 15:39:05 GMT, (Drew
Dalgleish) wrote:
Most likely for tax resons a
short life would allow a quicker depreciation


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Exactly right, the actual life is no doubt considerably longer. Look
closely at the financial statements. They are probably generating a
fair amount of cash with the tax savings.