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Hi Brains Trust...So i (while mildly intoxicated) purchased a sack of grain in the latest bulk buy even though i dont own a mill After your thoughts on the attached. $105 delivered... sadly my drill blew up some time ago so i will be using it by hand for the interim until i buy something decent...Your opinions welcome

That's if you write the whole cost off to your first bag. If you place it over two bags then ii didn't cost anything.Ten bags and you are a very long way in front.

Quote from: punkin on March 11, 2018, 04:11:08 AMThat's if you write the whole cost off to your first bag. If you place it over two bags then ii didn't cost anything.Ten bags and you are a very long way in front.Having spent summer learning more than I ever wanted to know about depreciation, I'm with Punkin. I'd use either the straight line method or the units of production method to depreciate a mill. Starting to go off topic I know, and not in a very interesting direction - I don't know if anyone actually depreciates home brewing equipment.

Quote from: Hatchy on March 11, 2018, 06:53:58 PMQuote from: punkin on March 11, 2018, 04:11:08 AMThat's if you write the whole cost off to your first bag. If you place it over two bags then ii didn't cost anything.Ten bags and you are a very long way in front.Having spent summer learning more than I ever wanted to know about depreciation, I'm with Punkin. I'd use either the straight line method or the units of production method to depreciate a mill. Starting to go off topic I know, and not in a very interesting direction - I don't know if anyone actually depreciates home brewing equipment.Mills and the like depreciate themselves through fair wear and tear, though many don't attribute an annual fiscal value to it; more so a replacement value at point of purchase. Furthermore, the average punter would not be claiming brewing gear on tax.

In the end a mill will save you money. It has little to do with depreciation and more to do with cost recovery.Knowing the cost of the mill and the savings made by buying 25Kg sacks, it's really easy to work out how many sacks you need to buy to recover the cost of the mill.Trust accountants to make it as complicated as they possibly can.

Quote from: labels on March 15, 2018, 06:59:27 PMIn the end a mill will save you money. It has little to do with depreciation and more to do with cost recovery.Knowing the cost of the mill and the savings made by buying 25Kg sacks, it's really easy to work out how many sacks you need to buy to recover the cost of the mill.Trust accountants to make it as complicated as they possibly can.This is getting more into management accounting than financial accounting - it isn't complicated, it can be calculated in a pretty simple spreadsheet. I'm not sure why people think that accounting is complicated.

Quote from: Hatchy on March 15, 2018, 07:32:59 PMQuote from: labels on March 15, 2018, 06:59:27 PMIn the end a mill will save you money. It has little to do with depreciation and more to do with cost recovery.Knowing the cost of the mill and the savings made by buying 25Kg sacks, it's really easy to work out how many sacks you need to buy to recover the cost of the mill.Trust accountants to make it as complicated as they possibly can.This is getting more into management accounting than financial accounting - it isn't complicated, it can be calculated in a pretty simple spreadsheet. I'm not sure why people think that accounting is complicated.So, when are going to drop into Sweet Amber Cafe's new brewery/bar in Regency Park Hatchy? Maybe tomorrow? or next Thursday perhaps ;-)

Working 12 hour night shifts, all I need to do is work out a way to bring some brew gear in to work and brew while I am here ;-)