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Technology Stocks : Spectrum Signal Processing (SSPI) -- Ignore unavailable to you. Want to Upgrade?

To: NYBellBoy who wrote (340)12/4/1997 1:47:00 PM
From: EdR  Read Replies (1) | Respond to of 4400
 
BellBoy -

Thanks for the information. In the Notes-Income Taxes section it states, "The company follows the cost reduction method of accounting for investment tax credits whereby the benifit of tax credits is recognized as a reduction in the cost of the related asset or expenditure when there is reasonable assurance the tax credits will be realized." Elsewhere they state that the benifits were realized in '96. Oh well, looking for hidden eps and came up with nada :)

Ed...



To: NYBellBoy who wrote (340)12/4/1997 4:08:00 PM
From: srvhap  Respond to of 4400
 
"Investment Tax Credits are usually are usually spread out over a number of years usually 3, 5 or 7 years on a straight line basis."

One other interesting note on Canadian tax credits is that they can only be taken while the company is registered in Canada (i.e., if the company wanted to domicile in the US they would loss their credit). I believe this is the way it works.


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