Madera International - Symbol WOOD Message Board

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Microcap & Penny Stocks : Madera International - Symbol WOOD

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To: Proletariat who wrote (735)	1/24/1999 5:32:00 PM
From: Mel Long	Read Replies (1) of 1979

Our farming corporation has carried the value of land on the books as the value at which it was purchased. Since you can't really depreciate the value of land, it stays this way. Land has been worth up to $1000 an acre in my area, and still the accountant doesn't change the value on the books.

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