[Boatanchors] Electronic Goldmine parts

[Pete Lancashire]

Nick you need to get a MBA :-)  It is all a game to reduce corporate taxes.

One trick to use is the 'cost' of maintaining inventory. You can play a
trick by saying it is costing you $100/qtr to have the widget  on the
shelf. By disposing of the widget you have 'saved' $400 a year.

Another trick is you can say your widget is has a comparable market value
by showing what others say it is worth. In the days before Ebay/Internet.
You could get away with using a Tucker catalog.

Since Tucker (then one of the largest T&M rental/lease companies) has that
the rental fee on that  HP 200A/B for $100/month or you can buy it from the
for $2,000. You put your 200A/B up for sale
for $2,000 and after no one buys it you toss it in the dumpster and put
$2,000 on your spread sheet as a loss.

These tricks have become so much better over the years that a lot of the
big boys just scrap everything. In the Pacific NW a good example is Boeing
in Seattle.

sigh ..... -pete


On Wed, Mar 5, 2014 at 9:06 AM, Nick England <navy.radio at gmail.com> wrote:

> I keep hearing this, but can someone please tell me how to make money by
> "writing it off"? In Real Life that means you treat the actual cost of an
> obsolete item as an expense which reduces profit which reduces taxes.
> Meaning if you paid $5 for a widget and then throw it away, you save maybe
> $1.50 in taxes. But you still have spent $3.50 for the widget you threw
> away.
>
> Note- what you can "write off" is the actual cost of the widget, not the
> $995 price you posted on eBay with no takers.
>
> If you believe otherwise, please "write off" a box full of $20 bills and
> send them to me...I'll be happy to pay postage even if you don't use a flat
> rate box.
> Cheers,
> Nick K4NYW
>
> > On 3/5/2014 11:06 AM, Pete Lancashire wrote:
> >>  The seller could care less if you buy them or not, and by the end of
> the year they can throw them out
> >> and write them off .. see .. they saved money at the end of the
> quarter,  give that accountant a raise !!!!
> ______________________________________________________________
> Boatanchors mailing list
> Home: http://mailman.qth.net/mailman/listinfo/boatanchors
> Help: http://mailman.qth.net/mmfaq.htm
> Post: mailto:Boatanchors at mailman.qth.net
>
> List Administrator: Duane Fischer, W8DBF
> ** For Assistance: dfischer at usol.com **
>
>
> This list hosted by: http://www.qsl.net
> Please help support this email list: http://www.qsl.net/donate.html
>