Cost Installed?

rakort · May 25, 2018

Has anyone ever seen something stamped into the ID tag field "cost installed"?

It seems someone made a bad decision way back when to include that field on an ID tag

johnoder · May 25, 2018

$7128 would have bought you a very nice residence in 1937

(24N X 108 in Denver looking for offers appears UNTOUCHED in the area of the photo in its 81 years - especially on the spindle speed tag)

rakort said:
Has anyone ever seen something stamped into the ID tag field "cost installed"?

It seems someone made a bad decision way back when to include that field on an ID tag

Lance-W · May 25, 2018

Using a value comparator from 1937 till now it would cost $125,515.

thermite · May 26, 2018

rakort said:
Has anyone ever seen something stamped into the ID tag field "cost installed"?

It seems someone made a bad decision way back when to include that field on an ID tag

I've had those category of costs on my BOOKS at many firms. GAAP is to amortize inbound transport, on-site rigging-in, plus any millwright or facotry rep "commissioning costs" right in with the acquisition price.

Never-ever on the machine, just as an "asset number" so as to find it on the books. Or the reverse, come audit-time.

Monarch put it there for convenience ELSE at least one customer had need of it, ELSE a government tender specified it be there, used, useful, neither, both, or sideways.

Serious-rare to even see anything in there. Bean counters tend to not spend a lot of time out on the shop floor. Risk of assassination or such.

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