wouldn't the non-goodwill part of most of the assets (mostly various Comm companies), acquired circa 2000, have been depreciated by now?
Well, goodwill is the excess of price paid over book value, which is assets less liabilities. The assets and liabilities taken on would look like those on Intel's balance sheet beforehand: cash, receivables, payables, inventory, plant and equipment, other debt, and so on. So those would simply be integrated with what Intel already had.
In terms of plant and equipment (the part which is depreciated), you're correct, it would mostly have been depreciated by now, same as what Intel already had in 2000. But if Intel stayed in the businesses they acquired, they would've made capital investments to replace those assets just as they do in general.
Of course, if those businesses grew, that capital investment would generally exceed depreciation, but if those businesses shrank, that capital investment would tend to be less than depreciation and the assets devoted to those parts of Intel would have diminished. |
