Monthly Archives: February 2016

03/07/2016 Economists talk about sunk costs as being irrecoverable, hence not relevant to decision making. But it seems to me that a lot of sunk costs are also investments, and investments really should be considered in the budget. Say you … Continue reading →

02/04/2016 I sat in a committee meeting recently as we labored over depreciation. I had a hard time because I rarely consider it. The number is just a calculation I must do based on estimated useful lives of questionable accuracy. … Continue reading →