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> depreciate over 10 years

I believe the One Big Beautiful Bill Act allows full depreciation in the first year: https://www.bassets.net/blog/obbba-depreciation-2025-2026-gu...

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That's a bookkeeping issue, it doesn't affect the argument at all (which is that the capex has a finite useful life over which it would need to pay for itself).

Yeah, just tangentially pointing out that asset depreciation rules in the U.S. changed recently. Could explain some of the crazy magnitude of this year's spending spree.

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