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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (4683)	7/2/2002 10:58:41 PM
From: GraceZ	Read Replies (1) \| Respond to of 24758

I think this was part of what the telecoms experienced when the product depreciated in value in the real world faster than it could on the books. They aren't the only ones experiencing this. I experienced this myself in my own business. The rules governing the productive life of an asset were based on assets that had much longer lives then computer and technology gear. I bought a photographic processing machine 15 years ago, its been off the depreciation schedule for years. While I was using it, it paid for its self ten times every single year it was in service. I finally gave it away last year to an old assistant and he's still getting use out of it in his business. OTOH computer gear became obsolete before I could get halfway through the period it was suppose to be productive and I wound up breaking even on some of it. Meanwhile I have an enlarger in service that is over thirty years old, its worthless on the books, yet it is as productive today as it was when I bought it...at least until I stop doing any photographic work at all (when it all goes digital). The rules that are imposed on you for how these things are suppose to be depreciated are completely antiquated because they don't account for something that becomes worthless long before you can get it off the books. I wish I had back all the lost dollars I spent on software. Meanwhile my accountant claims she has a client who is still using Visacalc in their biz! Now that's what I call getting your money's worth out of something.