[Vermont Lt]

I wonder what the IRS depreciation table is for a railroad tanker?

My guess is its something like 14 years.

[Vermont Lt]

Just checked....guess what:

15 year working life.

7 Years to depreciate.

http://cs.thomsonreuters.com/ua/fixa/cs_us_en/ass_life_tbl/hid_help_asset_lives.htm

They want to be able to replace their entire fleet and take the depreciation.

Sounds reasonable to me. Long Rail tanker producers.

[thackney]

Good guess, depends on the method

Note that most of the cars are owned by the oil company and moved by the railroad.

http://cs.thomsonreuters.com/ua/fixa/cs_us_en/ass_life_tbl/hid_help_asset_lives.htm

00.25 Railroad Cars & Locomotives, except those owned by railroad transportation companies

Class Life (in years) 15

General Depreciation System 7 years

Alternative Depreciation System 15 years

[Rodamala]

RE: GBX... basically, as Laz would say, “I’d Hit It”.

Seriously, I have bought on dips since January 2013, timing every one just about perfectly... and I am up... a lot.