Myford Super 7

[MICHAEL WILLIAMSParticipant @michaelwilliams41215]

Hi Trevor ,

Reducing values of equipment over a period of years as done by accountants is primarily for tax purposes to match up with Inland Revenue guidelines on Capital investments .

The true value for an actual sale after a period of years is simply what the company can get for it .

The primary job of a company accountant is to maximise revenue and minimise tax payments . Unless the accountant at your place is (hopefully) particularly dim he will find out what similar machines fetch on open market and set price accordingly .

You may wish to consider finding out yourself what market value of machine is and then putting in a stupidly low offer . You then have the psychological advantage and any negotiation of price will be upwards from your offer and not downwards from their possibly much higher asking price .

Nothing is ever quite simple is it .

Regards ,

Michael Williams .

Edited By MICHAEL WILLIAMS on 31/10/2012 09:41:21

[Murray TrickerParticipant @murraytricker65189]

Not exactly a reply but, I have an s7 which is missing a tool boat. Very costly to import one to NZ. Does anyone know of a drawing/video etc that I could access so I may make my own one?

many thanks

Murray

[Sub MandrelParticipant @submandrel]

It's the value u-curve. The lathe depreciates, possibly to zero, tehn appreciates in line with its perceived rarity value.

Witness my neighbour's Capri bought second hand for £5K 17 years ago, now worth over £10K – for those who value such things.

Neil

Ex-Manta owner and OMOC member

[RobboParticipant @robbo]

Murray, have a look at your messages.

Phil

[Author]

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