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Technology Stocks : Micron Only Forum

MU 395.77

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To: Thomas G. Busillo who wrote (44059)	3/21/1999 2:09:00 PM
From: Carl R.	Read Replies (1) of 53903

Tom, if you know assets are "impaired" it is reasonable to write them down at once. Supposing they couldn't find a buyer at any price? I suppose that they could continue to hold a worthless asset on the books until sold and reveal the fact that they are worthless in a footnote, but would that really make you any happier? For tax purposes you can't just write down assets at a whim, but for financial purposes writing them down at once gives a reasonable picture of their current position. Carl

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