All depreciating assets....but loads of fun.
Sent from my iPad
> On Apr 24, 2014, at 8:35 PM, Dave Edwards <kd2e@comcast.net> wrote:
>
> Wish I "expensed" for a few cases of the Ameco AC-1 kit novice transmitter
> back in the day!
> I could afford that new Mercedes you mentioned :-)
>
> ...Dave
>
>
>> On 4/24/14, 9:29 PM, Bob McGraw - K4TAX wrote:
>> Remember folks, ham radio is a hobby. Anything we purchase is an expense
>> and thus is not an investment. Based on my understanding, investments make
>> money or they are supposed to do so, expenses are depreciated which means
>> the value of the item purchased is expected to decrease. Just ask any
>> business professor or tax consultant.
>>
>> So is that $700 spent for the RX-366 and investment or an expense? Well it
>> technically is an intangible investment based solely on ones perceived
>> pleasure with its use. Does it add $700 to the value of the Orion? If it
>> does it is an investment, otherwise it is an expense.
>>
>> So is that new Mercedes in your garage an expense or an investment?
>>
>> 73
>> Bob, K4TAX
>>
>>
>>
>>
>> ----- Original Message ----- From: "Kimberly Elmore"
>> <cw_de_n5op@sbcglobal.net>
>> To: "Discussion of Ten-Tec Equipment" <tentec@contesting.com>
>> Sent: Thursday, April 24, 2014 4:07 PM
>> Subject: Re: [TenTec] RX-366?
>>
>>
>> No worries! I occasionally get to buy myself toys, too! My kids aren't in
>> college, yet, but this won't make or break their ability to go. Rest assured
>> that if I thought I had an instrument that would yield enough return that
>> $700 would make a significant contribution to their college fund, I'd have
>> put the money there!
>>
>> Kim N5OP
>>
>>
>> ________________________________
>> From: K8JHR <jrichards@k8jhr.com>
>> To: Kimberly Elmore <cw_de_n5op@sbcglobal.net>; Discussion of Ten-Tec
>> Equipment <tentec@contesting.com>
>> Sent: Thursday, April 24, 2014 3:51 PM
>> Subject: Re: [TenTec] RX-366?
>>
>>
>> No problem with that outlook, KE... it all depends on your resources
>> and threshold for economic pain. I purchased the Orion II for the same
>> reason... my Omni VII works well... but I just plain wanted the Orion II
>> and scarfed a super clean, minty one for cheap !!
>>
>> I am LUCKY my XYL is OK with it.
>> Now... to sell her on the tower idea... ;-)
>>
>> I also believe a guy is due some sort of trophy or prize for having
>> survived the working world - paying for the cars, the house, kids in
>> college, shoes, clothing... and after paying for all that a guy DESERVES
>> some sort of treat for having made it. So I understand your position
>> completely.
>>
>>
>> ---------------- K8JHR -------------------
>>
>>
>>
>> On 4/24/2014 4:32 PM, Kimberly Elmore wrote:
>>
>> to be perfectly honest, I bought it simply because... Well, I *wanted*
>> one. I wanted a fully decked out O II. Like so many things, it's a
>> decision made for purely personal and somewhat selfish reasons.
>>
>>
>> _______________________________________
>>
>>
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