5 ms·

Amortization makes sense for things that have some inherent value. Like a microscope or computer. A bankrupt company can still sell their computers. Selling yo

by jopsen 1y ago

Amortization makes sense for things that have some inherent value. Like a microscope or computer. A bankrupt company can still sell their computers. Selling you code, lol -- code is more of a liability really :)

Supermancho 1y ago
> Selling you code, lol -- code is more of a liability really :) It's important to consider that lawmakers (who are not well informed or downright stupid) might think code has intrinsic value because of media married with a lack of real-world experience.
- tomrod 1y ago
  Continuing your observation, this presumes they read and think deeply about the bills they vote on. They do not.
  - Supermancho 1y ago
    I remember the day I mentioned this in my high school^ honors sociology class and the eventual valedictorian exclaimed that I was stupid to think that. The system has been broken for longer than I have been alive, but the indoctrination has been working to make up for it. This was a Blue Ribbon School 1992-1993 yup. https://www.ed.gov/sites/ed/files/programs/nclbbrs/list-2003.pdf https://www.ed.gov/sites/ed/files/programs/nclbbrs/list-2003...
    - sigwinch 1y ago
      Reading all bills that reach the Senate is like reading two Bibles per year. The swing vote legislator? Maybe. But the partisan extremes?
- bonoboTP 1y ago
  Lawmaker is a misleading word. The people who actually make the law and lobby for it probably know quite a bit. The representatives are law voters not makers. They don't design the laws literally. They vote because they are told to.
malshe 1y ago
> Amortization makes sense for things that have some inherent value. Like a microscope or computer. I am nitpicking but since a microscope or a computer is a tangible asset, the correct term is depreciation. Amortization applies to intangible assets.
bearjaws 1y ago
The software that companies make is sold off in bankruptcy all the time. I have a few friends who specialize in it with 2 ongoing contracts for splitting off pieces of software.
- tomrod 1y ago
  The value is far less than the amount being amortized for its development.
jppope 1y ago
Realistically that says more about the quality of software that we build than the concept of software as an asset
ndesaulniers 1y ago
> code is more of a liability really :) Mine DEFINITELY is!

by jopsen 1y ago

Supermancho 1y ago

> Selling you code, lol -- code is more of a liability really :) It's important to consider that lawmakers (who are not well informed or downright stupid) might think code has intrinsic value because of media married with a lack of real-world experience.

tomrod 1y ago
Continuing your observation, this presumes they read and think deeply about the bills they vote on. They do not.
- Supermancho 1y ago
  I remember the day I mentioned this in my high school^ honors sociology class and the eventual valedictorian exclaimed that I was stupid to think that. The system has been broken for longer than I have been alive, but the indoctrination has been working to make up for it. This was a Blue Ribbon School 1992-1993 yup. https://www.ed.gov/sites/ed/files/programs/nclbbrs/list-2003.pdf https://www.ed.gov/sites/ed/files/programs/nclbbrs/list-2003...
  - sigwinch 1y ago
    Reading all bills that reach the Senate is like reading two Bibles per year. The swing vote legislator? Maybe. But the partisan extremes?
bonoboTP 1y ago
Lawmaker is a misleading word. The people who actually make the law and lobby for it probably know quite a bit. The representatives are law voters not makers. They don't design the laws literally. They vote because they are told to.

malshe 1y ago

> Amortization makes sense for things that have some inherent value. Like a microscope or computer. I am nitpicking but since a microscope or a computer is a tangible asset, the correct term is depreciation. Amortization applies to intangible assets.

bearjaws 1y ago

The software that companies make is sold off in bankruptcy all the time. I have a few friends who specialize in it with 2 ongoing contracts for splitting off pieces of software.

tomrod 1y ago
The value is far less than the amount being amortized for its development.

jppope 1y ago

Realistically that says more about the quality of software that we build than the concept of software as an asset

ndesaulniers 1y ago

> code is more of a liability really :) Mine DEFINITELY is!