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by hef19898
1249 days ago
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There is a difference between book value of an asset, which is a symbolic 1 $ after it is completely written off, and the price you get for said asset on sale to the open market. Nobody forces you to sell, e.g., a 20 year old CNC machine for one dollar... Edit: Just realized, the correct term is depreciation... That's what you get after a long day, and word by word translating from German to English... |
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