Once an item is fully depreciated it just carries a $1 book value until such time that it is disposed of. Depending on the use, you could do an accelerated depreciation that front loads the depreciated value (and more realistically reflects the actual value of assets like computers and vehicles) but this is usually dictated by IRS rules.
-TS Thomas C. Steele Technology Director Manteno CUSD #5 From: tech-geeks-boun...@tech-geeks.org [mailto:tech-geeks-boun...@tech-geeks.org] On Behalf Of Jim Flanagan Sent: Thursday, September 16, 2010 10:12 AM To: Tech-Geeks Mailing List Cc: Tech-Geeks Mailing List Subject: Re: [tech-geeks] depreciation of value on tech items Must be all that Canadian cold air and all the Labatt's that gets spilled on the stuff. Down here we still are using technologies in our schools for 10-15 years. ;-) Course that might have something to do with our budgets sucking bad as well. Jim Sent from my iPad Cell 773.396.4638 Chicago 773.463.5494 Beaver Island 231.448.2109 Privacy Notice: The information contained in this electronic message is intended only for the use of the individual or entity to which it is addressed. This message is private and may contain information that is privileged, confidential and/or inside information and exempt from disclosure under applicable law. If you are not the intended recipient, you are notified that any dissemination, distribution or copying of this communication is strictly prohibited. Please contact the sender by reply e-mail and destroy all copies of the original message On Sep 16, 2010, at 10:03 AM, "Dylan Haines" <dyl...@hb-studios.com<mailto:dyl...@hb-studios.com>> wrote: Up here in Canada for tax purposes technology depreciates at between 30% - 50% per year. When I was in the AFM my synths/sound/studio gear was depreciated at 30%. Dylan Haines Systems Technical Support Manager HB Studios Multimedia Ltd. Box 725, The Hive 37 Hall Street Lunenburg, NS B0J 2C0 Tel: (902)634-8316 ext. 237 Cell: (902)553-0706 Fax: (902)634-3647 www.hb-studios.com<blocked::blocked::http://www.hb-studios.com/> ________________________________ From: tech-geeks-boun...@tech-geeks.org<mailto:tech-geeks-boun...@tech-geeks.org> [mailto:tech-geeks-boun...@tech-geeks.org] On Behalf Of Chris Franzen Sent: Thursday, September 16, 2010 11:51 AM To: Tech-Geeks Mailing List Subject: Re: [tech-geeks] depreciation of value on tech items My equipment doesn't depreciate, it just dies. Chris Franzen Technology Coordinator Nokomis School District 511 Oberle St. Nokomis, IL 62075 On Thu, Sep 16, 2010 at 9:28 AM, Bob Morse <bmo...@d168.org<mailto:bmo...@d168.org>> wrote: But the question remains..........??? -----Original Message----- From: tech-geeks-boun...@tech-geeks.org<mailto:tech-geeks-boun...@tech-geeks.org> [mailto:tech-geeks-boun...@tech-geeks.org<mailto:tech-geeks-boun...@tech-geeks.org>] On Behalf Of JimHays Sent: Thursday, September 16, 2010 9:25 AM To: Tech-Geeks Mailing List Subject: Re: [tech-geeks] depreciation of value on tech items What business manager??????? We don't have one of those. Bob Morse wrote: > > I just found with the recent hire of a new business manager that our > business office has been doing things wrong in a lot of ways but > particularly when it comes to technology I was supposed to of been > keeping tabs on depreciation values on all tech items purchased above > a certain amount of $$$. This all new to me because I my 8 years here > I have never been instructed to do this, let alone on how. > > Can you share with me exactly how your business office manages this > and what formula(s) you use to figure depreciation of value? I'm sure > I can find it on the net but you guys are so much better than using > the net for any research!!! > > Thanks, > > Bob Morse > > E-Rate Coordinator > > Technology Specialist > > Community Consolidated Schools District 168 > > 708-758-1610 ext. 124 > > Skype: bmorse68 > > ------------------------------------------------------------------------ > > | Subscription info at http://www.tech-geeks.org | | Subscription info at http://www.tech-geeks.org | | Subscription info at http://www.tech-geeks.org | | Subscription info at http://www.tech-geeks.org |
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