Re: Remember an argument....
Author: Pdxrailtransit
Date: 01-21-2020 - 18:35
George Andrews Wrote:
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> Oh yea -- Federal Tax rules of the day allowed a
> rebuilt diesel locomotive to be re - capitalized
> as a new unit - IF the cost of rebuild was more
> than 50% of the original cost of the unit. Espee
> would use this same tax rule to their advantage in
> their many rebuilds of Geeps & SD's.
Didn't the "E" as in G9E, SD9E actually stand for equipment company? Probably part of the re-capitalization plan.