unfocused
Photos/Photo Book Reviews: www.thecuriouseye.com
A couple of cmments/thoughts on the off-topic portion of this discussion.
Leasing vs. Buying: It seems to me this really depends on the individual situation. It comes down to which is better for your situation – to have a large up-front cost that you can then amortize over the next five years, or if you want to have the costs spread out over the next five years.
I can think of hypothetical situations for both.
You might want to buy the equipment outright if you have had a good year and are sitting on some cash and expect to have a similar or greater tax liability each of the following four years. You make the expense in year one, but receive the tax benefits in years two through five without any additional cash outlay.
You might want to lease the equipment if you have better uses for that initial cash outlay and you know your income is going to be consistently sufficient in each of the next four years to cover the lease payments.
Am I missing something here?
On the purchase of sizable stocks of memory cards and again I am only speculating. But, I could see a situation where a photojournalist who works under contract or freelances for a news organization might need a healthy supply of memory cards.
Just a hypothetical I know, but lets say you are getting 5-10 different assignments every month and the news organization you contract with has a policy that requires you to retain the original media used on assignment for a specified period of time. (That way, if any question ever comes up about the legitimacy of your shots, they can ask for your memory cards and verify that the images have not been altered or taken out of context).
You'd want to keep each assignment on its own cards and you'd need to stockpile a healthy supply of cards so you always have plenty for each new assignment until you can safely format and reuse the old cards.
Just speculating, but it does seem to be a possibility.
Leasing vs. Buying: It seems to me this really depends on the individual situation. It comes down to which is better for your situation – to have a large up-front cost that you can then amortize over the next five years, or if you want to have the costs spread out over the next five years.
I can think of hypothetical situations for both.
You might want to buy the equipment outright if you have had a good year and are sitting on some cash and expect to have a similar or greater tax liability each of the following four years. You make the expense in year one, but receive the tax benefits in years two through five without any additional cash outlay.
You might want to lease the equipment if you have better uses for that initial cash outlay and you know your income is going to be consistently sufficient in each of the next four years to cover the lease payments.
Am I missing something here?
On the purchase of sizable stocks of memory cards and again I am only speculating. But, I could see a situation where a photojournalist who works under contract or freelances for a news organization might need a healthy supply of memory cards.
Just a hypothetical I know, but lets say you are getting 5-10 different assignments every month and the news organization you contract with has a policy that requires you to retain the original media used on assignment for a specified period of time. (That way, if any question ever comes up about the legitimacy of your shots, they can ask for your memory cards and verify that the images have not been altered or taken out of context).
You'd want to keep each assignment on its own cards and you'd need to stockpile a healthy supply of cards so you always have plenty for each new assignment until you can safely format and reuse the old cards.
Just speculating, but it does seem to be a possibility.
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