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To: Petz who wrote (77353)4/17/2002 3:58:18 AM
From: ptannerRead Replies (1) | Respond to of 275872
 
Petz, re: " tax deduction if they write down ("impair") an acquisition"

I don't know but it seems very likely. But, there must be some reason they do it other than simply "it is the right thing to do." If not deductible then the company just threw away future depreciation potential?

Now how do you treat the $36B (?) writedown by JDS Uniphase or the other massive telecomm writedowns which probably resulted from stock purchases rather than cash purchases.

-PT


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