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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (63435)11/2/2005 3:54:39 PM
From: QwikSand  Respond to of 64865
 
Not at all presuming to answer for JDN, who I hope replies to your question, I'll nonetheless venture this: whatever accountants can or can't do, if some surprise residual asset value from Cobalt reappears, it should be reflected on the books only in the form of an upside to retained earnings. Why manufacture a depreciating asset once you have already gotten rid of the ongoing expense?

--QS



To: Charles Tutt who wrote (63435)11/2/2005 4:19:10 PM
From: JDN  Read Replies (2) | Respond to of 64865
 
Sadly, a writedown is permanent. It can only be restored through superior earnings off that asset in the future, run through the income statement and hence to Retained Earnings. jdn


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