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Question:

Are there any benefits to owning construction equipment other then for personal use?

I have an excavator, a dumptruck, and a backhoe. I've only really used these to dig my pond and move firewood. Are there any benefits to owning them other then personal use, like possible job oppertunities or business ideas? Thanks

Answer:

The benefit is that you can write off a lot of expenses. You are still out the money. But, save a lot on taxes. The best benefit is that you are friends with the boss. HA!

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