re: Ann: AET Refinances $134m Debt on Improve... Madoff,
That is the miracle of building depreciation.
They depreciate the buildings for accounting and tax, as they are required to do so. But they are allowed to distribute the benefit of the tax depreciation, which is tax deffered to us. The tax deffered will slowly wind down but over quite a number of years.
Cheers
Ann: AET Refinances $134m Debt on Improved Terms , page-9
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