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Old 11th December 2006, 04:14 PM   #2
torka
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Location: Triangle area, NC, USA, North America, Earth (usually)
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Been too long since I was in public accounting. Perhaps someone here who's more current with the latest IRS and FASB pronoucements can say for sure. Your best bet is probably to check with your accountant to see what you need to do. How you account for the cost will likely have tax implications, so the IRS may well have something to say about it.

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