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attention contractors did you know you should never expense your assets but you should always appreciate them so anytime you buy equipment machinery or vehicles for your business you should always depreciate them I know it can be tempted sometimes to go ahead and expense it which helps lower your net profit and your taxes but if you ever need to borrow money for the business or maybe for real estate investing the bank is going to want to see your business tax return and the lower the net profit on your tax return the less likely they may be willing to lend to you or lend you a lower amount any good lender is going to add back the depreciation that youamp;#39;ve taken for your assets enter your income to help increase your borrowing power and if the lender is not willing to do that find a new lender because they should always do that for you so if you have any questions feel free to docHub out and make sure to follow me for some more tips