View Single Post
09-14-2009   #5 (permalink)
bendrucker
Assistant Store Manager
 
bendrucker's Avatar
 
Join Date: Nov 2006
Location: New Jersey
Posts: 2,753
bendrucker is on a distinguished road
Send a message via AIM to bendrucker Send a message via Skype™ to bendrucker
Well, that would be because your calculations are completely wrong!

A $2000 computer would likely lose 20% (1800*.2=360) of its value in the first year, so that would be:

2000
-200
-360
_____
=1440

My guess is that you were somehow lowering the discount rate because you've only had the computer for 6 months. You wouldn't do that: it should just be rounded up to the nearest whole year.
__________________
MacBook Pro 13" 2.26Ghz, 4GB Crucial RAM | iPhone 3GS (16GB)
Personal Twitter | Photography Twitter | Maplewood, New Jersey Professional Photographer: Ben Drucker Photography
bendrucker is offline   Reply With Quote