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Technology Stocks : GX Investors Thread
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To: BWAC who wrote (31)8/20/2001 10:34:05 PM
From: Sweet Ol  Read Replies (1) of 586
 
>>If the assets were impaired as you say, then the financial statements would NOT be 'presented fairly' and in accordance with GAAP. <<

Not true. You do not get to increase your depreciation just because the replacement cost has decreased. You have to depreciate based on the original cost. For example, we often junk computers long before they are depreciated.

Best to all,

JRH
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