Myford Super 7

Hi Andy,

This reminds me of a friend whose father was redundant from a local engineering company about 10 years ago as they finally closed down the remains of the works. He asked about a Bridgeport Milling machine in the R & D dept as his son (my friend) was interested and was told that he could have it for scrap value which they put at £10.00 (ten pounds) They also told him that they would throw in all the tooling as it was redundant. No guessing at his answer. Am I green? Of course not!!

Regards

Terry

I'd forgotten it was straight line depreciation, Mike.

Perhaps this has gone to show that it did the world of Chartered Accountancy a favour when I gave it up after a year in articles and reverted to the law, in which a tolerant university had seen fit to grant me a decent degree.

Andy

Just a point of order.

If there was a revaluation done on the equipment in the accounts then it may not be zero.

Unlikely but you never know.

No, no NO you have it all wrong.

It's a company, it's paid for, it's sitting on the books at zero so the question to ask is that to comply to health and safety laws agains moving heavy loads, lifting, chance of a claimable accident etc is

"How much is the company prepared to pay to have it removed SAFELY from the premises.?"

John S.

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

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

Murray, have a look at your messages.

Phil