Cap, value of my Bose L1?

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Proformance

DJ Extraordinaire
Nov 6, 2006
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... not necessarily an appreciating asset. When we buy quality equipment for our business, we are investing in our business. I think the Bose models hold their value pretty well. They're a respected name. Yes, everything depreciates to some degree.
If you fully depreciate or expense your equipment on your tax returns then you've already declared under oath that it's present value is zero. There's no such thing as "holding value" on business equipment. If you sell it then you're supposed to recapture that depreciation and pay the appropriate tax on that gain.

This is why businesses dispose of or donate fully depreciated goods rather than sell them.
 
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TJS

GetSomeJuJu
Nov 8, 2018
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Ankeny, IA
www.jujulab.rocks
If you fully depreciate or expense your equipment on your tax returns then you've already declared under oath that it's present value is zero. There's no such thing as "holding value" on business equipment. If you sell it then you're supposed to recapture that depreciation and pay the appropriate tax on that gain.

This is why businesses dispose of or donate fully depreciated goods rather than sell them.
lol...and we all know that every loss on paper is a "legitimate...actual real life loss" in reporting. :-/ This was simply a discussion over "what is my freakin' Bose worth" not some involved recapture of depreciation on gains made by the sale of business goods discussion.
 

Proformance

DJ Extraordinaire
Nov 6, 2006
6,680
3,985
lol...and we all know that every loss on paper is a "legitimate...actual real life loss" in reporting.
Well, depreciation is not a loss.. but it is real, measurable and predictable.

If you bought Bose because you thought "it will be worth something.." that's speculation not an investment. Someone else pointed this out when they mentioned that most Bose users had upgraded to the later and better model. Even if the old unit still works - the item is beyond it's fiscal life, and functionally obsolete for businesses seeking state of the art. Yes, you will find someone to buy it, but that shouldn't have been factor in your original decision to buy it for business. For an item that is fully depreciated the later used item sale is for the next buyer akin to salvage (2nd hand users) and not an investment.
 
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TJS

GetSomeJuJu
Nov 8, 2018
315
322
54
Ankeny, IA
www.jujulab.rocks
Well, depreciation is not a loss.. but it is real, measurable and predictable.

If you bought Bose because you thought "it will be worth something.." that's speculation not an investment. Someone else pointed this out when they mentioned that most Bose users had upgraded to the later and better model. Even if the old unit still works - the item is beyond it's fiscal life, and functionally obsolete for businesses seeking state of the art. Yes, you will find someone to buy it, but that shouldn't have been factor in your original decision to buy it for business. For an item that is fully depreciated the later used item sale is for the next buyer akin to salvage (2nd hand users) and not an investment.
:-/ Literally none of that is what I meant or even said :-/
I never even tried to infer that anyone (including myself) would buy Bose because it will be worth something. The entire discussion has been about a buyer's perceived value ..i.e. what a potential buyer would perceive it's value to be worth enough to buy...not the IRS's definition blah blah blah...
Good God...how folks derail these posts just to be saying something.
 

Proformance

DJ Extraordinaire
Nov 6, 2006
6,680
3,985
The entire discussion has been about a buyer's perceived value ..i.e. what a potential buyer would perceive it's value to be worth enough to buy...
Yes, exactly that - your perception of value is why you think there's a drop in the price people are willing to pay. And I disagree - the price is dropping irrespective of the economy. It's not "supply and demand" at work - the quantity of these used things available for sale is because: People don't want them. There's a drop in the usefulness of what you're trying to sell and that is what accounts for the lack luster response.

I would never buy used gear for more than 50% of the current street price, and that's only if the gear is still being produced, sold and still an industry standard. If it's not the current standard - then I would pay more like 15% of the street price when it was last sold. That means a Bose unit that sold new for $1,000 but is no longer the desired build, would have a $150 limit if I were trying to buy it used. It doesn't matter how pristine it looks or how little use the owner claims it received. It's still old and it's application fading.
 

djrox

Sir Wyzazz
ODJT Supporter
Aug 12, 2006
7,138
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New Orleans, Louisiana
If you fully depreciate or expense your equipment on your tax returns then you've already declared under oath that it's present value is zero. There's no such thing as "holding value" on business equipment. If you sell it then you're supposed to recapture that depreciation and pay the appropriate tax on that gain.

This is why businesses dispose of or donate fully depreciated goods rather than sell them.
Bob,

Is your skiff named if...I could sure use a boat ride.

Your message and counsel, while prudent and correct, is reaching an audience in which many of, don't actually operate a business, at least not of the legitimate sort. Therefore and disappointingly recommending and endorsing legitimate business practices is a mostly futile act...but I appreciate the effort.
 
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Proformance

DJ Extraordinaire
Nov 6, 2006
6,680
3,985
Bob,

Is your skiff named if...I could sure use a boat ride.

Your message and counsel, while prudent and correct, is reaching an audience in which many of don't actually operate a business, at least not of the legitimate sort. Therefore and disappointingly recommending and endorsing legitimate business practices is a mostly futile act...but I appreciate the effort.
LOL.
It's only futile if you measure by response. I like many other people have benefited by the contributions of others without them ever being aware that they had turned me on to another way of thinking about something. I post because I can, not because I need approval.
 

djrox

Sir Wyzazz
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Aug 12, 2006
7,138
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LOL.
It's only futile if you measure by response. I like many other people have benefited by the contributions of others without them ever being aware that they had turned me on to another way of thinking about something. I post because I can, not because I need approval.
TruDat!
 

steve149

Shine on you crazy diamond
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I post because I get bored ..
 
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steve149

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Cap Capello

Always @ Ur Service
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Bose and I have parted ways.

The issue with the L1 Classics and L1 Model 1 units is that they cannot be repaired by Bose, which to my knowledge was the only parts and repair source in the country. Therefore when anyone buys an L1 Classic or Model1, they are taking a flyer, either buying a dynamite sound system that will last a very long time with proper care, or end up with a recently purchased pricey paperweight.

If I were selling that unit, I would focus my selling verbiage on age, amount of use, cosmetic condition, and anything that would grab the attention of someone who has two but one side is dead or dying and and already understands the value. Stay away from specs. Line array specs are totally different from standard concial values and can be twisted by haters/pseudo techies in a myriad of different ways.

Then, I would grab whatever cash is offered for them.

I used to Admin a facebook page Buying and Selling Used L1 F1 Gear. I don't know if it's still there but I know many For Sale posts for these older systems were unmoved for a very long while.
 
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djrox

Sir Wyzazz
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Aug 12, 2006
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Bose and I have parted ways.
It was an OK run.

One chapter done...NEXT!

The issue with the L1 Classics and L1 Model 1 units is that they cannot be repaired by Bose,
Cap,

Shouldn't that read, "The issue with the L1 Classics and L1 Model 1 units is that they cannot will no longer be repaired/supported by Bose.
 

Cap Capello

Always @ Ur Service
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Tomato tahmahto. They cannot repair them because they no longer stock repair parts, so yes, they will no longer repair them because, without parts, they cannot.

For almost three years after the announcement made about no longer repairing them, they did still support users.

One could call Bose, explain the issue with their system, and Bose would replace their L1 Classic / L1 Model 1 with a brand new L1 Model 2 for less than what they were charging dealers wholesale. That, my friend, is soild support to customers.

Certainly did whack us smaller dealers who spent weeks and months diseminating the support details to our customers while not receiving a penny's worth of compensation for doing their dirty work. It also eliminated any upgrade sales because folks figured out how to do it on the cheap. They would call Bose support and falsify issues just to migrate to the Model 2 at a ridiculously low price. No one was turned down or checked (to my knowledge).
 
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Proformance

DJ Extraordinaire
Nov 6, 2006
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If I were selling that unit, I would focus my selling ...[to] grab the attention of someone who has two but one side is dead ...
Yes! This is solid advice. The best buyer for those Bose systems is someone who wants to expand or repair the Bose gear they already have.
 

Cap Capello

Always @ Ur Service
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I LOVE my Bose. I've played with DynaCord, Peavey, JBL, and all the other alphbet soup named manufacturers. No one has provided the consistent positive audience responses that the L1 has... and I personally loved the DynaCord. It's just that all the audience complaints that the L1 had eliminated came hurling back so I sent them back.

Since the line array technology emerged in pro-audio, which was initially designed for live musicians, I heard it for the first time in the worst of conditions (in a Guitar Center, playing an industrial grunge "have intercourse with cows and kill babies" track through an i-pad).The potential for mobile DJ application was so blatantly evident, I brought a single system home. It was (and still is) the ONLY business purchase I made that my wife insisted I keep.

So my arsenal remains totally that dirty four letter word so many of you love to hate. Two L1 Model 2 with one B2 bass module each; two F1-812 tops; two F1 Subwoofers (which can integrate perfectly with the L1 Model 2 using a separate mixer zone output) ; and two S1 Pro's.

I love the product. The company? Meh! They've hosed me for the third and final time.
 

steve149

Shine on you crazy diamond
Staff member
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Sep 26, 2011
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... playing an industrial grunge "have intercourse with cows and kill babies" track through an i-pad ...
Sounds interesting .. going to have to look for that track ...
 
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