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[OM] Re: [OT] Seriously who can afford one of these?

Subject: [OM] Re: [OT] Seriously who can afford one of these?
From: "Ken Norton" <ken@xxxxxxxxxxx>
Date: Fri, 22 Aug 2008 11:26:22 -0500
Ok, this thread has evolved into about three different branches.  Here goes:

1. On the subject of schooling.  I hate lectures. Period.  Let's just cut to
the chase and tell me what I need to know or what the desired outcome is.
In high-school, I barely passed classes because I didn't do the homework
assignments, but would nearly ace the tests.  Classes requiring memorization
I'd struggle in, however.

2. Amortization vs Depreciation.  Yes, the terms are typically used
interchangeably, but in a nutshell, depreciation has to do with the actual
physical value of an item over time.  Typically, an item will depreciate
down to a "residual" value.  An automobile will depreciate based on usage
and time--regardless of how it was purchased or accounted for.  Amortization
is strictly an accounting thing almost exclusively for taxation purposes.
Under current tax laws here in the USA, when I purchase a new camera, I can
choose to "expense" the entire cost out in the current year or spread it out
over 3, 5 or 7 years.  If I'm having an awesome billing year, I may choose
to fully expense a purchase, but otherwise I find it better to spread the
pain out for most of the purchases over a few years to help "level out" the
tax burdon. Some years I don't even clear enough income to cover the
amortized expenses.

3. Moose accused me of never purchasing anything "just for fun".  I reject
that thought entirely!  I have spent money on various auto-racing simulators
and Flight Simulator.    I don't do that for money.  (but in the case of the
auto-racing simulators, I have been able to figure out where NOT to stand
when photographing auto races).  Furthermore, when it comes to photography,
I've been quite successful in switching mental gears and photographing just
for the pleasure of photographing.

...sometimes...

AG


http://www.zone-10.com


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