I have not bought nor eaten any stuff from Old Chang Kee which i find overpriced. Its currypuff sell at $1.30 which i find exorbitant. With same amount i can buy 9 currypuffs at JB, Msia at RM3. Moreover i don't see anything great about eating an overpriced currypuff spit out from a machine compared to home-made ones from a hawker in JB,Msia.
I surfed onto their corporate website & took a look at its financial report:
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Depreciation is computed on a straight-line basis over the estimated useful lives of the assets as follows:
Leasehold building – Over the remaining lease terms
Machinery and equipment – 5 years to 10 years
Motor vehicles – 5 years
Renovation – 5 years to 10 years
Electrical fittings – 5 years to 10 years
Furniture – 5 years to 10 years
Computers – 5 years
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Wow, their computers depreciated over 5 years. There's darn frugal. Personally i'm satisfied as long as my computer & related equipment can breach 3years of usage.
How many people buy stuff with a target of how long to use the item before allowing a new replacement purchase? Not many people can resist peer pressure when many people around are spending to upgrade to latest gadgets.
Heehee, me too!
ReplyDeleteI used my old Apple iBook for 6 years. If not for my academic needs (my school supports only the newer versions of web-browers and MS-Office), I would have continued using it. Why upgrade when the item still fulfils one's limited needs? My trusty old iBook now has a new lease of life with my friend who uses it for basic web-surfing and artistic design purposes.
I am still using my handphone from 2007, which I won from an online competition. I use my phone for 4 main purposes, text messages, phone-calls, digital camera, and MP3 player. I don't need to have the latest widgets, applications and tools on my phone, so I don't feel the need to upgrade.
My philiosophy is: No need to always go for the latest and greatest, just whatever that meets one's needs.
That said, I have met enterprising youngsters who sell their not-too-old phones and upgrade to new ones whenever a promotion makes the move profitable. E.g. Sell old phone at $130, sign new 2-year mobile service contract with a latest phone tied-in for $80. Thus, they make a profit of $50 while getting a new phone, albeit with a 2-year contract.
p.s. I don't buy Old Chang Kee, but I supported the hand-made curry puffs from my neighbourhood coffee shop which were selling at $1.20/piece back in 2010. It is a well-made puff and locally owned (owner ran that curry puff stall since the 1970's), so I felt that it was worth it to buy from them (support local small-time businesses).