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Originally Posted by NoOne
every single mlb team can afford ~150M payroll or more.. they are absolutely lying, otherwise.
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Are you going to provide evidence for this assertion?
Quote:
Originally Posted by NoOne
e.g. you buy an asset, you expense the cost of that asset which reduces your tax obligation that year... then over it's life you depreciate it and save on those tax dollars a second time. if you can't see the obvious abuse you can do with this generally accepted accounting principle (gaap), you aren't trying too hard.
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Players' salaries are the main item of depreciation in club financial statements. It is not a huge percentage of the expenses. One can easily remove such lines from the financial statements to see how the revenues vs. expenses look without it.