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Old 06-15-2013, 11:05 AM
Digdeep Digdeep is offline
LawnSite Bronze Member
Join Date: Dec 2005
Location: Madison, WI
Posts: 1,834
Originally Posted by AWJ Services View Post
No it does not since there is no way too possibly determine resale value. You depreciate the machines cost to zero value while owning it. If you actually owned a buisness you would know this,
And after you've depreciated the machines cost to zero you give it away for free? I don't think so. You see value in it and the money you get when selling it or trading it factors into what it costs you to own that piece of equipment.

You don't have to own a business to understand the concept of opportunity cost, residual values, etc. But who knows, you may have stumbled onto a concept that makes moot the practices and thought processes that have been part of the industry for generations??
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