[CAUT] Piano replacement

[Fred Sturm]

Essentially you take the inventory value, and divide it by the years a  
piano is expected to last. I find it useful to distinguish between  
uprights and grands. So I might say uprights will last 30 years and  
grands 60, for instance.
	With those figures, upright replacement value (total upright  
inventory) divided by 30 gives you how much you need each year to  
replace the uprights, and grand replacement value divided by 60 gives  
you an annual grand replacement budget. Fudge the number of years to  
suit your situation. And you could factor in trade-in value as well,  
probably easiest as a percentage. You could say that trade-ins average  
15% of the new price, and subtract 15% from the annual budget on that  
basis, or whatever figure you come up with as your average.
Regards,
Fred Sturm
University of New Mexico
fssturm at unm.edu	
On Mar 19, 2010, at 12:15 PM, Jim Busby wrote:

> All,
>
> We’re trying to develop an instrument replacement program/ 
> spreadsheet which would help us project yearly replacement costs.  
> Does any such tool exist?? In other words, how can we tell  
> administration (bean counters, etc.) an amount we need each year and  
> justify it in a way they can understand?
>
> All you “All Steinway School” folks, what do you do for  
> replacement??? I can’t find replacement in their materials, although  
> they have very useful info about refurbishing, etc.
>
> Eric W.,  Fred S., and Don M, it seems you have something, but I  
> can’t remember…
>
> Thanks.
>
> Jim Busby BYU and Snow College







-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://ptg.org/pipermail/caut.php/attachments/20100319/89b91ce4/attachment.htm>