On Mon, 22 Jul 2002 21:22:39 GMT, "McLeod" wrote:

>I can write the depreciation of my equipment off my income but I think my
>accountant says it takes 7 years on average to deduct the entire cost of a
>camera.

[It is too bad to follow such a wonderful post as that
of GM's, above, with this pedestrian entry, but it does
have practical import {not that GM's doesn't...;-}]
Then you need another accountant - for several years it
has been possible to "expense" gear in a single year
instead of using the "accountant-heavy" method of
depreciation - and, BTW, who ever took *7 YEARS* to
depreciate gear even when it *was* necessary to
depreciate gear on tax forms?! ;-) Methinks your
accountant has you "hooked"...;-)