One has to separate out two quite different measurements:
one is the depreciation accounting done by firms, which is
influenced by such questions as tax laws, and the other is
the ex post macro accounting for the value lost. Relying too
much on the former, including accounting conventions and
depreciation schedules which at any one time and area are
commonly used by corporate accountants, can be misleading
in terms of considering the latter.
In solidarity, Jerry_______________________________________________
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Received on Tue Sep 8 09:38:11 2009
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