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Copano Energy LLC Message Board

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  • lner2512 lner2512 Mar 19, 2007 9:48 PM Flag


    Following this thread, even though it is OT for CPNO, which I own...

    Is it possible that one of the reasons DEP has been set up is to take fully depreciated assets off the hands of EPD and TPP? I believe the three entities are not members of a controlled group; that means a fully depreciated asset sold by EPD to DEP would start a new depreciation schedule at its cost to DEP. EPD would be required to pay tax on any gain, but I think much of that tax might be at capital gains rates. If you owned equal interests in both EPD and DEP, you'd pay capital gains tax on your EPD units but you'd be entitled to higher depreciation deductions on your DEP units.