For accountants, the girls from H1 sure did have a blank look on their faces, when Scotty asked them if they knew what a depreciation schedule was.
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AFLW 2024 - Round 9 - Indigenous Round - Chat, game threads, injury lists, team lineups and more.
FTA-TV The Block 2024
- Thread starter BlakeyNoFlakey
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Not just accountants... Accountants who flip houses...
BlakeyNoFlakey
Brownlow Medallist
- Thread starter
- #278
Calculating a depreciation schedule on a huge asset like that is pretty complicated. Besides, the girls said they work in finance, which means they probably have little experience in asset depreciation. Flipping houses doesn't mean they'd know either, as not ALL houses sold are eligible to claim depreciation; it only applies to homes bought to rent (like The Block houses will be sold to rent as holiday homes). So, if the girls had sold their flipped homes to owner/occupiers, then it would never have even come up because that kind of buyer can't claim depreciation on their tax for that.
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I don't think anyone is doubting how complex the actual process is to calculate the value (as highlighted by the fact that the team that put the least amount of science into their estimate won the challenge).
Aside from working in finance, they also have stated a few times that their old man is a mortgage broker. Combining those 2 things says to me that they should be a lot more likely to at least know what a depreciation schedule is than the average punter.
BlakeyNoFlakey
Brownlow Medallist
- Thread starter
- #280
Even if they did know about it doesn't mean they knew how to do it, even if their father is a mortgage broker. IIRC, Maddy said she made a mistake in the calculations on the night but still managed to get the second closest to the right amount. That's not a bad effort. I think you're being a bit harsh. What you are saying is if someone is a doctor, they should know how to do open heart surgery, especially if their father is a cardiothoracic surgeon. Life doesn't work like that.
BlakeyNoFlakey
Brownlow Medallist
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- #281
It's about time.
au.yahoo.com
'This needs to happen': The Block set to make major change to new season
The Block may be set to make a huge change to the 2026 season, with the judges 'publicly supporting' the move. Read more.
BlakeyNoFlakey
Brownlow Medallist
- Thread starter
- #282
I think the judges got it right tonight. H2 had the best backyard. H1 did a great job, too, and the solution they came up with to replace the stone looked great.
H5: Fancy winning a $30G BBQ and not putting it in your backyard? What's the point of having it on your balcony, which comes off a kitchen?
H5: Fancy winning a $30G BBQ and not putting it in your backyard? What's the point of having it on your balcony, which comes off a kitchen?
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Some weeks they seem ok, others you wonder if they did a line of coke before the show.
H2 the best by far. H3 was povo, a good effort without a landscaper but very basic for an expensive home. Judges probably had the rankings in the correct order.
Getting tired of Maddy crying.
Getting tired of Maddy crying.
