Long Term Storage: Can it be done??
My wife & I bought an RV to use while she travel-nursed across the country. It's a 2003 Holiday Rambler Neptune, diesel pusher. She now has a permanent full-time job where our house is located. I've b...
Forum Discussion
Once every few years is not enough. If you don't have a use for it, sell it and take your loss now.
Depreciation is depreciation, part of cost of ownership of a capital asset. I mentally accept that cost over the period I am using it. Hanging on to the asset when it is no longer used just makes things worse, depreciation continues, value received is zero, anything divided by zero is infinity, as your cost for use,
Actually using it once or twice a year, that is something else. Say another $2000 depreciation, you go camping twice for two nights each time, it only cost you $500 a night. That's a lot less than infinity. Might be less than cost of a rental.
Depreciation is depreciation, part of cost of ownership of a capital asset. I mentally accept that cost over the period I am using it. Hanging on to the asset when it is no longer used just makes things worse, depreciation continues, value received is zero, anything divided by zero is infinity, as your cost for use,
Actually using it once or twice a year, that is something else. Say another $2000 depreciation, you go camping twice for two nights each time, it only cost you $500 a night. That's a lot less than infinity. Might be less than cost of a rental.
