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Re: Dick's destroyed $5 million worth of weapons [Re: Ray B] #6636801
10/10/19 03:24 PM
10/10/19 03:24 PM
Joined: Sep 2012
Posts: 7,240
West Michigan
G
Getting There Offline
trapper
Getting There  Offline
trapper
G

Joined: Sep 2012
Posts: 7,240
West Michigan
Years ago when I work in a foundry the Sheriff department would bring in all types of firearms. They would be melted down. All the good one were gone.LOL


To Old
U.S. Army 60-63 SGT.
Re: Dick's destroyed $5 million worth of weapons [Re: bblwi] #6637192
10/11/19 12:05 AM
10/11/19 12:05 AM
Joined: Nov 2009
Posts: 843
upstate NY
M
Mr. Ed Offline
trapper
Mr. Ed  Offline
trapper
M

Joined: Nov 2009
Posts: 843
upstate NY
Originally Posted by bblwi
Even if they were not overpriced they have a claimed 5 million of value that will not be sold and thus there is already a cost, it is just a matter of how they will claim the cost and when.
Businesses that size hire very high level comptrollers to help them make financial decisions, even if this one was more for political reasons or not.


Bryce


But according to Dick's they purposely destroyed them. It was not a flood, theft, tornado etc. The F&S I work at discounts guns that are sitting on the shelf to long but are still making a small profit. Still do not understand how they can destroy stockholder property on purpose and then write it off as a loss. It was not a loss,they chose the situation they made.

Re: Dick's destroyed $5 million worth of weapons [Re: Ray B] #6637259
10/11/19 06:37 AM
10/11/19 06:37 AM
Joined: Sep 2010
Posts: 2,785
Northern lower Michigan
Feedinggrounds Offline
trapper
Feedinggrounds  Offline
trapper

Joined: Sep 2010
Posts: 2,785
Northern lower Michigan
I bet they were sold to a company like "Gun Busters" they purchase buy back weapons and police auctions, remove serial numbered receiver or action. The receiver is in fact destroyed but the rest of the gun is sold as parts or parts kits. I have bought several Mosin Nagants on GunBroker complete rifles with no action or receiver, no FFL required either without receiver.


you're only allowed so many sunrises... I aim to see every one of them!
Re: Dick's destroyed $5 million worth of weapons [Re: Ray B] #6637316
10/11/19 08:11 AM
10/11/19 08:11 AM
Joined: Dec 2006
Posts: 29,880
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
Posts: 29,880
williamsburg ks
this is a weapon
[Linked Image]


the guns in that picture just look like ordinary firearms. of course I guess you could call this a weapon also
[Linked Image]



Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: Dick's destroyed $5 million worth of weapons [Re: Ray B] #6637343
10/11/19 08:52 AM
10/11/19 08:52 AM
Joined: Jan 2007
Posts: 5,218
Northern Minnesota
BernieB. Offline
trapper
BernieB.  Offline
trapper

Joined: Jan 2007
Posts: 5,218
Northern Minnesota
The guns in the photos have nothing to do with the guns destroyed by Dick's, the guns at Dicks would have been in the original boxes.

Re: Dick's destroyed $5 million worth of weapons [Re: Ray B] #6637433
10/11/19 11:07 AM
10/11/19 11:07 AM
Joined: May 2018
Posts: 645
N/E Il. NOT Chicago!!
S
squacks Offline
trapper
squacks  Offline
trapper
S

Joined: May 2018
Posts: 645
N/E Il. NOT Chicago!!
I hope after destroying them that they did not write them off their taxes as a loss! That would mean that WE paid for them.

Re: Dick's destroyed $5 million worth of weapons [Re: squacks] #6637473
10/11/19 12:25 PM
10/11/19 12:25 PM
Joined: Dec 2006
Posts: 11,355
East-Central Wisconsin
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bblwi Offline
trapper
bblwi  Offline
trapper
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Joined: Dec 2006
Posts: 11,355
East-Central Wisconsin
That was just my point in earlier posts, regarding writing off the 5 million in value. If they use accrual or cash accounting they have either expenses that gained no revenues or assets that are no longer on their books. As to can they write off this as charitable or other donations etc. I don't know. That is why they hire the really good CPAs.

Bryce

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