Rigger who will pack a 20 year old chute?

A wasting asset is one with a limited life, at the end of which it has no value or utility. For most assets, their depreciable lives--i.e., the interval over which the tax authorities allow expensing the acquisition cost--bear only a tenuous relationship to the actual service lives. So a car can be depreciated over 3 to 5 years, an aircraft over 5 to 7 years, and residential property over 5, 7, 15 or 27.5 years, or whatever the current regs say. Does anyone really think any of those assets are worthless and unserviceable at the end of their depreciable lives? Properly maintained, they can be used for many more years. But not a parachute with a 20 year life.

Hey,Jonathan, how about paying me $1,000 not to respond to your posts? That's less than $50 a year over my projected lifespan. What a deal! It's your quality of life, after all.

Seriously, I hate to pick on you but you lose me with arguments that default to safety as an absolute, rather than relative measure, or that cheerfully argue I should spend five thousand bucks because amortized over 50 years, it's less than my electric bill or a couple of tanks of gasoline or whatever.

Chip Bearden