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post #526 of Old 08-07-2013
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Re: Mutiny at Dawn - Transpac Race 2013

Originally Posted by hellosailor View Post
Now, how a corporation owns a recreational vessel eludes me, since normally all the assets and functions of a corporation are, well, commercial by nature. But I'm so easily baffled by these things.
The business buys a boat, uses it for business purposes, then writes off the expenses on its taxes. The only thing that surprises me is why doesn't every company already have its own boat!

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