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FL, do you understand that market price is comprised of land value and depreciated value of the improvements (for residential)? The residual value of a house may be negative ie detracts from the block so that the purchaser has to pay to get the house demolished so would adjust the price...

I learnt that is just wasn't good enough. 1st year bridge design. Get over it. :rolleyes:

And the little one said "rollover rollover".

Can someone tell me what an IQ is, is it one better than an IP? :confused:

Self-diagnosis is a dangerous pastime.

Unfortunately I find that the highly intelligent (especially when they have studied applied maths, computer science or ingunearing) 'know best' as the rest of the population know less about numeracy than the 'elite' when in fact they know jack. I have known retailers who are highly...

Nah. Just on the wrong side of 'The Fence'. ;)

One minor inaccuracy in your figures FL, the qs does not base their analysis on the purchase price. How do you adjust for value at date of purchase without having construction costs or an advanced understanding of building cost estimates? I'd agree 100%, people aren't qualified to make up...

What do you mean posting during work hours - they're all underemployed.

Still, FL, no hint of using a qualified person who is acceptable to the ATO. Your threads are high raters, purely for entertainment value. Bingo - ASIO doesn't collect a cent in revenue. That's brilliant Keith, is there a definition of competent incompetence? or competent unconsciousness...

If you can do the analysis, can you review these numbers between 1 & 44 & tell me within 20% the first 6 which will be drawn next week? ;)

Tax? What's tax? Why would you bother with that?

Youv would have ballsed it up ;)

Thanks for setting me straight CM. I studied it years ago but I didn't do the qs stream which gave the legalities so I couldn't completely recall who was a qualified person under the act.

There are two groups of occupations qualified to prepare a depreciation schedule that will hold up to scrutiny - a quantity surveyor and an accountant. On what basis will you determine the depreciation on an item? on several items? on all items? What if you miss a few deductions? What is that...