Posted 12/25/2024 13:02 (#11025587 - in reply to #11025564) Subject: RE: Hey Boone and others, any tax advantages you care to share?
Yeah with land it has looked pretty cut and dry to me in the past. I have seen other commodity producers write down investments. Like years ago when natural gas was much higher than it is currently, XOM wrote down their XTO purchase after nat gas fell and remained low. That was probably a goodwill impairment of some sort tho. I would be very curious on nutrient depletion. You aren't really impairing the land asset, and you can expense the "maintenance Capex" needed to maintain the fertility levels. Anyhow would like to see the details...
Hey Boone and others, any tax advantages you care to share?
