Nope, the day you bought it, it's worthless.

Seriously, check with an acountant and depricate on the proper schedule.

God luck with the business.

B

"calberto" wrote in message
om...
Hi, how do you depreciate a boat? I am about to start a snorkeling
tour company in the Keys. The boat I am looking at is about 150K, 1-2
years old. How is that depreciated? Obviously, I'd prefer as soon as
possible so I can write off as much as possible. I'd like to know the
rules. Is it 30% year?

Thanks,

Carlos