Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
There's no good reason to not write down the asset at the same time you depreciate it for tax purposes. You're never going to become insolvent due to tax-motivated write-downs, because your tax incentive stops when your income for the fiscal year hits zero. It can't go negative due to accelerated depreciation, since you don't get money back in taxes when you're bleeding money.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Jan 27th, 2011 at 11:07:19 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Occasional Series