Quote:
Originally Posted by Josh1000
Interestingly I put my watches through the books as an asset but just like cars etc and even some of my speculative properties (piece of crap that I own in Boracay) I depreciate monthly....now in some cases I have a residual value at the end of the depreciable life but never more than 50%. I havent even really lost money on the other dog...5930...I paid £40 200 after VAT. With various price increases (ignore time value of money) it's probably a $48k watch today. So it's a loss of $5000 since December 2016 when I received it or $500 per wear ������
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How do u depreciate ur watches? Accellerated straighline? How many years. Also what country allows u to depreciate them? I need to tell my accountant to move me there