On Oct 22, 11:38*am, WaIIy wrote:
On Wed, 22 Oct 2008 08:35:18 -0700 (PDT), wrote:
On Oct 22, 10:46*am, WaIIy wrote:
On Wed, 22 Oct 2008 10:13:27 -0400, Jim wrote:
Palin put the jet up for sale on eBay, a move she later trumpeted in her
star-making speech at the Republican National Convention, and it was
ultimately sold by the state at a loss.

I always loved this claim.

How exactly do you sell a used jet at a profit?

A loss being less than the depreciated value.

Like I said.
You can parse things anyway you like.

That's what loss is! If something cost 5 dollars, and it depreciated
to three dollars, your net worth (if that was the only thing you
owned) would be three dollars. If you sold it for $2.50 it would be a
loss. If you sold it for $3.50, it would be profit. It's simplistic
and doesn't take into account a lot of variables that could come into
play, but that's it in a nutshell.