Re: Still sucks?
Hi,
A business usually depreciates equipment (like a console) down to $0.00 in 5 years. It's a little more complicated than just, "I bought it for $500k and now its worth $200k". You will be taxed on the gain if you sell something for $100k that you depreciated to zero. Trust me, digital gear loses it's value just as fast if not faster that other types of gear. You also have to take in to account the money you made with the gear to as to how profitable a purchase was. I just wanted to bring the true prices of the equipment being discussed into the picture. I'm sure we will be seeing used Icons in a couple of years for a lot cheaper that they are now. You can be sure of that.
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Mark Ettel C.A.S.
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