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Two Chicks in Doozer's Shop
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Originally posted by reggie_obe View PostDoozer has a Chick vise.
Someone else has what looks like an in progress game of Jenga.
Koma makes some nice stuff, I got this one cause it bolts up two the 1-1/2" bed plate for my boss5 without too much problems. It was a small job. I need to make new soft jaws for it now. JR
Oh, my bust. Maybe I confused the story. Koma is a US distributor for Bock. Its a Bock vise.Im sorry..JR
Last edited by JRouche; 12-30-2020, 02:04 AM.
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Originally posted by Paul Alciatore View PostLooks like Santa was very nice to you. You must have been very, very good.
Who puts stuff like that in a dumpster?????25 miles north of Buffalo NY, USA
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Originally posted by nickel-city-fab View Post
Somebody who fully depreciated it on their corporate asset schedule. A write-off. Your tax dollars at work.
The economic reason to toss stuff is if the net proceeds of selling it aren't worth the time and attention to do so. Obviously recapture and tax is part of the calculation of net proceeds, but as the recapture is never going to be higher than the sale price, you never ever put less in the kitty by selling it instead of scrapping it. Its simply a matter of whether its worth the time to do so, i.e. in business it means stopping someone from doing something else.in Toronto Ontario - where are you?
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Originally posted by Mcgyver View Post
dude, you don't have much accounting do you?
The economic reason to toss stuff is if the net proceeds of selling it aren't worth the time and attention to do so. Obviously recapture and tax is part of the calculation of net proceeds, but as the recapture is never going to be higher than the sale price, you never ever put less in the kitty by selling it instead of scrapping it. Its simply a matter of whether its worth the time to do so, i.e. in business it means stopping someone from doing something else.
Info from the comptroller at a prior employer. (they had a lock on the dumpster to prevent scavenging when they scrapped out parts and tooling)
He was not 100% on the ball, I saved him a half million bucks in back taxes he figured to have to pay, by documenting R&D expenses that were initially disallowed. So he could be wrong, but it accords with info from other sources.
If the stuff got given away, it must not be a tax writeoff issue, but just an issue of convenience such as you mention. Or else they were just not concerned about following the rules.Last edited by J Tiers; 12-30-2020, 10:58 AM.4357 2773 5150 9120 9135 8645 1007 1190 2133 9120 5942
Keep eye on ball.
Hashim Khan
Everything not impossible is compulsory
"There's no pleasing these serpents"......Lewis Carroll
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Originally posted by Doozer View Post
Get 'em Jerry ! ! ! You make them follow those rules ! Come on 'now.
-D4357 2773 5150 9120 9135 8645 1007 1190 2133 9120 5942
Keep eye on ball.
Hashim Khan
Everything not impossible is compulsory
"There's no pleasing these serpents"......Lewis Carroll
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Originally posted by Mcgyver View Post
dude, you don't have much accounting do you?
25 miles north of Buffalo NY, USA
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