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"