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‘Snaps’ lack
shop opens
Local horsewomen Brenda Moore of Flint Hill and Karen Martinsen-Parli of Amissville plan to open Snaps Horse and Outdoor Supplies in Flint Hill Square Oct. 28.
In addition to standard tack store fere, Snaps will provide access to products generally not available in the area, particularly for endurance riders, along with products M«. Moore and Ms. Martinsen-Parli have found invaluable in management of their own herds, according to the two owners.
Snaps will also offer some emergency treatments and supplies in a location convenient to western Fauquier, Rappahannock and Warren counties.
Ms. Moore got hooked on horses at the tender age of two when neighbors sat her on their backyard pony. Pursuing riding was difficult, however, because her father was in the Navy and the family moved every two years. Her best experience at that time was being able to join the Pebble Beach Pony Club. In 1982 her dream was realized when she acquired her own horse, precipitating a move to Rappahannock County, where she and her husband Joe own two Moyles from Idaho and a Quarterhorse.
Real Estate C§i
Eileen M. Day realtor —’
DEPRECIATION CHANGE
QUESTION: One of the big benefits of owning investment property is the ability to depreciate it and treat this depreciation as a paper loss. Has the Tax Reform Act changed this in any way?
ANSWER: Yes it has. For properties placed in service starting in 1987, the Tax Reform Act both lengthens the depreciation period and changes the rate at which the properties can be written off. Under prior rules, bothf ommercial and residential realeslMS’&ere depreciable over a 19year psrisd. On top of that, teal estate could be written off at an accelerated rate that produced bigger deductions in the early years of ownership than in the later years.
The Tax Reform Act increases the depreciation period to 27‘/2 years for residential rental property and 31'/2 years for commercial property. Accelerated depreciation has been eliminated. Both types of property must now be written off using straight-line depreciation.
If there is anything we can do to help you in the field of real estate, please drop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, Va. 22747. Phone: 674-3400. We’re here to help.
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