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Non-Tech : Bill Wexler's Trading Cabana
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To: Carl Worth who wrote (302)3/10/2004 4:43:18 PM
From: Bill Wexler  Read Replies (1) of 6370
 
After much thought, I think I was dead wrong about the depreciation calculation.

My bad. I'm trying to compare apples to oranges as far as the stuff that's being depreciated (e.g. how would you handle a lot full of used cars vs. a shelf full of used VCRs that may or may not be sold before the end of their useful life).

Stupid...stupid....stupid. GAAP overrides everything. The stuff is irrelevant.

I covered for a small loss. Lucky the position was tiny.
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