APPLE FINAL CUT PRO: Apple Final Cut Pro X FCPX Debates FCP Legacy FCP Tutorials

Re: Final Cut Pro X Pro Users Only??

COW Forums : Creative Community Conversations (was FCPX Debates)

VIEW ALL   •   ADD A NEW POST   •   PRINT
Respond to this post   •   Return to posts index   •   Read entire thread


Neil Hurwitz
Re: Final Cut Pro X Pro Users Only??
on Apr 15, 2011 at 4:34:08 pm

[Neil Hurwitz] "1.There is no resale value for FCP software, when you bought it
it was an expense not an investment
2. You have the option of staying just as you are
3.Switching to Avid is going to cost you more
So Suck it up, don't worry about your INVESTMENT (not)
You blew the money the second you bought it
Buying software is not like buying a FDIC insured CD
YOU ARE IN BUSINESS, SUCK IT UP
JEEZ"

Matt Callac
"You're totally wrong. Purchasing FCP, while being an expense, it's also an investment." .


You've Got To Be Kidding
Let me educate you just a bit, Here we go to "Accounting 101"

When you write out a check you Credit Cash
and Debit either an EXPENSE Account OR an ASSET Account
Your cash goes out the door and it's classified as either one
Not booth. If your accountant (you're in business, so you have one)
lets you or tells you to capitalize a 1000.00 disbursement for software, Please get another one, you are getting bad advice.
What the hell are you gonna do, capitalize the 1,000.00 bucks and take a 200.00 per year depreciation expense against it for 5 years? By the way classifying a disbursement as an Asset buy and not an expense is one of the ways large corporations lie about their
P&L and Balance sheet. Hey we really didn't pay the phone bill
we made an investment in telecommunications. This has the effect of
understating expense, therefore increasing profits and overstating
assets on the balance sheet, therefore making the company appear
more healthy. Think Enron
Your money is gone the second you tear the shrink wrap off any software, This is especially true for software costing what FCP does. Thinking that it has any monetary value ie:an asset, after that is just not good thinking. However it still might have some non-monetary value in the fact that it allows you to sell your time working with it to make some money.


Posts IndexRead Thread 


Current Message Thread:





© 2020 CreativeCOW.net All Rights Reserved
[TOP]