[Foundation-l] Latest board resolutions

[geni]

On 7/28/06, Ray Saintonge <saintonge at telus.net> wrote:
> That wouldn't do it.  Cash and equipment are both assets on a balance
> sheet.  If it ever came to that, either could be used to satisfy a
> debt.  Buying hardware just so that it can have an opportunity to
> depreciate does not seem like a sensible strategy.

It reduces the value of your balance sheet. which reduces your
atrativeness as a target.

>Although it's
> important to plan for equipment breakdown and obsolescence there is also
> a value to delaying purchases.  The same $10,000 that you might spend
> prematurely today for a desired piece of equipment might give you a more
> advanced piece of similar equipment a year from now.
>

But we need the equipment now.


-- 
geni