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eliminating_coasts t1_ixi8gsg wrote

Reply to comment by strangemanornot in Manchester United may be up for sale, so is the team profitable? [OC] by NicuCalcea

Wouldn't that normally refer to the amortization of the mortgage, rather than the house itself?

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_mister_pink_ t1_ixidbfj wrote

Depends but in the UK it’s generally based on the ‘useful economic life’ of the asset (minus the land portion which doesn’t suffer depreciation).

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Manumitany t1_ixiqrhl wrote

You still amortize expenses if you pay cash for them.

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