The company isn’t like “we made 800k, let’s spend it on iPads so we break even and don’t have to pay any taxes”

they do things like “we made 800k so we’re going to buy one of the planes from the leasing company we also own so we can reset the depreciation write-off. Then we’re going have the leasing company pay off it’s 800k loan to the finance company we also own.”

They’re not going to blow 800k on something they don’t need to spend it on to avoid paying 160k in income tax on it. Shuffle it around maybe, but not just blow it on iPads they don’t need.

That being said it’s not unlikely that the iPads are on some kind of service contract and will get refreshed on a regular basis anyway. It’s not like they can’t just lock the doors one day and tell everyone to send the iPads back or lose $800 on their last paycheck.