Very basic, but it gets the job done. Doesn't get more Midwestern than this.
All the big corporations depreciate their possessions, and you can, too,
provided you use them for business purposes. For example, if you subscribe
to the Wall Street Journal, a business-related newspaper, you can deduct the
cost of your house, because, in the words of U.S. Supreme Court Chief
Justice Warren Burger in a landmark 1979 tax decision: “Where else are you
going to read the paper? Outside? What if it rains?”
— Dave Barry, “Sweating Out Taxes”