Teletek (TLTK): Relaxed and Holding Message Board

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Technology Stocks : Teletek (TLTK): Relaxed and Holding

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To: Willsgarden who wrote (2226)	10/7/1996 8:45:00 PM
From: Dee Jay	of 3645

oh, I thought FlexQuote was a "live" quote system - so it could be as much as a minute or 2 off of live, depending on the stock's trading volume? I thought "live" for $9.95 was too good to be true - but if you're a couple of minutes off "live" on a very active stock it could cost you 1/2 or 3/4 or more in either direction because you're not on top of the tick trend, so could be a limiting factor for day traders, IMO. I'm not an accountant but a family member is and the word is that a switch acquisition for cash is treated as a reduction in cash in the bank and an increase in fixed (depreciable) assets. The expensing comes in via the depreciation charge. Anything over a few $thousand has to be capitalized and depreciated over an appropriate timespan. A $million item with a 10 year useful life and a $1 scrap value at the end of those 10 years is depreciated (if straight line is used) at $99,999.90 per year and that's the expense for the year. It gets pretty involved because straigntline prbably isn't the most advantageous method and their CPA knows how it should or must be done - but the full cost can't come out of the bottom line in the year of acquisition no matter what method is used. Someone with grater expertise can get into the nuts and bolts... Dee Jay

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