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alex
alex Dork
5/13/10 4:54 p.m.
David S. Wallens wrote: I have a Honda-powered Craftsman. Seven or so years later, it's doing just fine. I think I might change the oil this year.

You're supposed to change the oil? Mine old Briggs seems to make its own...

ignorant
ignorant SuperDork
5/13/10 5:44 p.m.
poopshovel wrote: full price for depreciating assets,

remove the a word... Add the word liability.

Anything that dosen't put money into your pocket is a liability.

If you used your mower to make money by mowing lawns, then it would be an asset.

David S. Wallens
David S. Wallens Editorial Director
5/13/10 11:44 p.m.
alex wrote:
David S. Wallens wrote: I have a Honda-powered Craftsman. Seven or so years later, it's doing just fine. I think I might change the oil this year.
You're supposed to *change* the oil? Mine old Briggs seems to make its own...

Well, it's been a while. I figured I should show some mechanical empathy and change the oil and air filter--it's been a while. It always starts on the first pull.

mtn
mtn SuperDork
5/13/10 11:55 p.m.
ignorant wrote:
poopshovel wrote: full price for depreciating assets,
remove the a word... Add the word liability. Anything that dosen't put money into your pocket is a liability. If you used your mower to make money by mowing lawns, then it would be an asset.

Difficult one there--no, it doesn't put money in your pocket, but it does keep money from leaving your pocket because you don't have to pay a service for it.

I'd consider it an investment--300 dollars for a lawnmower, and 30 dollars in gas for the year to keep me from paying the service 50 dollars every time they cut it... Maybe this is why I never did well in Accounting.

ignorant
ignorant SuperDork
5/14/10 5:08 a.m.
mtn wrote:
ignorant wrote:
poopshovel wrote: full price for depreciating assets,
remove the a word... Add the word liability. Anything that dosen't put money into your pocket is a liability. If you used your mower to make money by mowing lawns, then it would be an asset.
Difficult one there--no, it doesn't put money in your pocket, but it does keep money from leaving your pocket because you don't have to pay a service for it. I'd consider it an investment--300 dollars for a lawnmower, and 30 dollars in gas for the year to keep me from paying the service 50 dollars every time they cut it... Maybe this is why I never did well in Accounting.
http://www.investopedia.com/terms/i/investment.asp said: What Does Investment Mean? An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price.

If it dosen't put money in your pocket it is a liability. It may not be 100% definition correct, but If you live by that logic you'll find more money in your pockets..

http://www.investopedia.com/terms/l/liability.asp

foxtrapper
foxtrapper SuperDork
5/14/10 5:25 a.m.

I have this one.

http://www.sears.com/shc/s/p_10153_12605_07138906000P?vName=Lawn+%26+Garden&cName=Walk-Behind+Lawn+Mowers&sName=View+All&prdNo=15

I bought it because it starts the first time I pull the string, every time. Warranty guaranteed to do so. It bags if I want, mulches if I want, throws it out the side if I want. Rolls easily on the big wheels. It's regularly on sale for $50 less than list.

petegossett
petegossett GRM+ Memberand SuperDork
5/14/10 7:11 a.m.
Grtechguy wrote: OK. petegossett, Come and get it. or maybe we can find a way through the GRM network to traffic it to you.

Thanks! I don't think I'll be getting to MI anytime soon(or know anyone heading there and back), but it seems like there's some GRM traffic heading south through either IL or IN, so maybe we can work something out.

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