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To: Bill Harmond who wrote (12889)7/17/1998 10:57:00 PM
From: W. Luther  Read Replies (1) | Respond to of 27307
 
<<From a tax standpoint I think the expense route is always preferable, and all the Street really cares about is operating results which aren't impacted negatively by the charge. >>

Sure, that's my point...you buy an asset that generates future earnings, but instead of amortizing the cost of the asset against the future earnings, you write it off as a "one time non-recurring charge"...so in future periods you recognize the revenue, but you don't recognize any costs associated with it...pretty slick, eh?

Wade