mattydinx
28-05-2012, 06:53 PM
Alright guys,
Currently re-working my costings in an attempt to make the business more profitable.
At the moment I merely take the replacement cost value of my equipment, find 10% of it's total value and divide that figure by the number of gigs I estimate I'll have over the year, last year I exceeded this number technically resulting in extra money in the pot.
I've seen different methods for doing this, accounting for an items estimated lifespan and depreciation cost year-on-year.
Perhaps I'm thinking too much into this, just wondered how you guys account for depreciation.
Currently re-working my costings in an attempt to make the business more profitable.
At the moment I merely take the replacement cost value of my equipment, find 10% of it's total value and divide that figure by the number of gigs I estimate I'll have over the year, last year I exceeded this number technically resulting in extra money in the pot.
I've seen different methods for doing this, accounting for an items estimated lifespan and depreciation cost year-on-year.
Perhaps I'm thinking too much into this, just wondered how you guys account for depreciation.