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by theonlybutlet
1137 days ago
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The biggest thing would be for those that own their premises, who would have to take impairments (write downs) on the values of their assets. Their lease liabilities also start to look exorbitant and many will be forced to act on this, cutting these leases and recognize the lease cancellation cost all at once (usually office leases require all payments for the contract term to cancel), taking a large financial knock upfront.
Basically large knocks on their profit in the very short term. |
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