3...
n...
For me it's not just the $, it's the tracking, for nothing. In this case John needs to inventory all his equipment, however acquired, maintain two different values for all of it--one depreciated, one not-- and pay different taxes, quarterly(?), on each figure, to different sets of non-productive idiots.
I hate all that maneuvering cr@p. It taxes more in time than it saves in treasure--what a waste of creative, productive energy. Easier to just skip it (except, in John's case, he can't).
James Arthur