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The reason is to if you do write if off all at once, you're going to have a balance sheet which doesn't give a fair view of your actual assets. That €40 million tanker is still worth €40 million in year 2, or at least €38 million. Creating hidden values in balance sheets doesn't help anyone.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Fri Jan 28th, 2011 at 06:36:22 AM EST
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