I sell businesses and raise capital for a living, and I've never run into a situation where a fully depreciated asset (on paper) affected the outcome in any way. Lenders, buyers, and investors will typically be most interested in the FMV of assets.

Now, you will have to report the gain on sale for the recapture in the event the basis is stepped up or the asset is sold for more than the value on the balance sheet.

Try this.
https://www.kark.com/news/politics/ap-p ... taxpayers/
-dan

Exactly! Bonus depreciation is for tax only. It has no impact on GAAP financials other than the increased cash flow and equity from the tax savings up front. And yes, I have never heard of anyone buying a business and valuing the assets based on their tax or GAAP basis. No one with any business experience should think book or tax depreciation rules mirror economic depreciation. They don't.

When you sell the plane down the road you will have to pay taxes on the full value, and that will mean less gain recorded, but that is down the road. Anyone should be happy to pay a tax bill in 5 years rather than today.

one other effect we need to consider,
when COVID started there was a huge rush to buy aircraft so the rich didn't need to mix with the masses. together with the available $$ it created a buying boom and thus prices increased.

as things settle down I think we will see what the actual increase in prices are.