Amortisation, if you are reducing to zero. (i.e. 'death')
We have a classroom fitted with a SmartBoard (a term I used to think
oxymoronic).
Now students don't have to learn something by writing it down - they
can take away a copy and lose it. What an advance!
Andrew Fildes
afildes@xxxxxxxxxxxxx
On 22/08/2008, at 3:57 PM, Chris Barker wrote:
> And the cost of the camera's losing its value is called depreciation.
> It's the cost of doing business with that tool.
>
> By the way, I like the "$100 walk away option", oh and plus the $195
> documentation fee.
>
> But the approximately 15% interest on the hire purchase seems quite
> reasonable. Actually, I think it's less than that but I haven't
> worked it out per payment.
>
> But, as you write later, Moose, it is a dreadful waste just to dump
> equipment like that. We have a Smart Board at work which was bought
> to fill a budget underspend (i.e. in a hurry) and it has turned out to
> be waste dosh, albeit only around GBP5,000 ...
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