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by metaphor
1064 days ago
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Likewise Nvidia...buried in supplemental CFO commentary[1] circa FY23 Q4: > Starting in fiscal 2024, we are extending the useful lives of a majority of our servers, storage, and network equipment from three years to a range of four to five years, and assembly and test equipment from five to seven years. As a result, we expect favorable impact to operating income of approximately $26 million in the first quarter and $133 million in fiscal 2024 from a reduction in depreciation expense based on equipment balances as of January 29, 2023. The favorable impact will be primarily in operating expense, and to a lesser extent in cost of goods sold. [1] https://www.sec.gov/Archives/edgar/data/1045810/000104581023... |
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