tag:blogger.com,1999:blog-14457232127152238.post6056176925730027241..comments2023-11-03T00:06:36.875+11:00Comments on Bunyipitude: "A Financial Illiterate"Bunyiphttp://www.blogger.com/profile/14668398379654771814noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-14457232127152238.post-43292416602392903362011-12-07T19:21:58.833+11:002011-12-07T19:21:58.833+11:00Fairfax confuse me.
They seem to be upset that th...Fairfax confuse me.<br /><br />They seem to be upset that the water-cannon is sitting idle.<br /><br />Perhaps NSW Plod could take it out every three months or so for a practice run.<br /><br />I am thinking of two training opportunities:-<br /><br />Firstly they could try it out on Critical Mass (those cyclist wankers who think it is their right to block roads they don’t pay for).<br /><br />Secondly, they could merely cruise any Sydney Street furnished with one of Clover Moore’s bike lanes with the jet angled slightly down and to the leftAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-84774648545091825472011-12-07T17:38:38.271+11:002011-12-07T17:38:38.271+11:00BOAB -- You're right, but for practical purpos...BOAB -- You're right, but for practical purposes it amounts to the same thing.Augustus Carpnoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-27438363052319203592011-12-07T13:31:37.585+11:002011-12-07T13:31:37.585+11:00Prof
I think you'll like this story too, whic...Prof<br /><br />I think you'll like this story too, which illustrates nicely the dirty little symbiotic relationship between Fairfax and the Greens.<br /><br />http://boy-on-a-bike.blogspot.com/2011/12/fairfax-fails-to-grasp-depreciation-and.htmlBoy on a bikehttps://www.blogger.com/profile/14452119541546978454noreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-60962113195214623272011-12-07T13:23:04.798+11:002011-12-07T13:23:04.798+11:00Augustus
It has been 25 years since I picked up a...Augustus<br /><br />It has been 25 years since I picked up a dusty and underused accounting textbook; and all that I learned has been largely washed away by a sea of red plonk. I dimly remember that depreciation applied (back then) to physical assets and amortisation was applied to non-physical assets like leases etc.<br /><br />Does that still hold true, or am I showing my age?Boy on a bikehttps://www.blogger.com/profile/14452119541546978454noreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-12570335161391668162011-12-06T23:21:07.127+11:002011-12-06T23:21:07.127+11:00What all that really boils down to is that the NSW...What all that really boils down to is that the NSW Police aren't washing nearly enough human detritus down the sewer. Imagine what work it could have been put to in Martin Place during October, if only it didn't rain...Supplicenoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-3164539951520443712011-12-06T19:36:41.751+11:002011-12-06T19:36:41.751+11:00Illiterate indeed -- and to some extent so is BOAB...Illiterate indeed -- and to some extent so is BOAB. The water truck is certainly losing value but that is not financial depreciation. Depreciation is the amortisation of the cost of a capital item over its useful life, usually for tax purposes (so not to affect government revenue when large items are purchased). In fact a better term for 'depreciation' is 'amortisation' -- financial dunces then won't get the process confused with wearing-out and replacement.<br /><br />Tovy's item is one giant beat-up from a financial ignoramus.Augustus Carp FCPAnoreply@blogger.comtag:blogger.com,1999:blog-14457232127152238.post-28637938549330921282011-12-06T16:49:13.179+11:002011-12-06T16:49:13.179+11:00It's a warning, Professor Bunyip. The Spandex ...It's a warning, Professor Bunyip. The Spandex Spunk shows that Fairfax depreciate their websites over 2 to 4 years, producing an extraordinary implied depreciation rate of 25% to 50%. At that rate, the Billabong could soon be undergoing a deficiency of electrons and move into negative existence territory. In theory anyway. We trust you to work it all out.Elizabeth (Lizzie) B.noreply@blogger.com