From: Michael Perelman (michael@ECST.CSUCHICO.EDU)
Date: Wed Apr 04 2007 - 15:53:07 EDT
As I understand it, the US keeps score on capital values runs like this: For each class of investment goods, there is an assumed fixed proportion of value that evaporates each period, in which the depreciation is more rapid in the early years. There is a separate series for capital goods that are scrapped. I assume that the value goes away on the government books. I believe that even when capital goods reported value have depreciated away, when they are sold on the secondhand market, they have a value which can read appreciate. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
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