Yeah, they could try writing them off at full RRP against profit. No idea if that’s allowed given the value of those disc must be in the pennies by now (they probably won’t even take them at the second hand shop), but since when has that stopped an honest corporation from trying…
I mean, can’t you write off the purchase cost as soon as you get the asset on the books? Maybe gradually over a 5 year period or whatever. I’d be surprised if they haven’t done that yet.
Now that I think about it too they are probably so big to have ways around taxes anyway so they can do all the right offs they want and pay nothing for any profit
My other thought is there is probably some convoluted US tax law that can turn it into profit.
Yeah, they could try writing them off at full RRP against profit. No idea if that’s allowed given the value of those disc must be in the pennies by now (they probably won’t even take them at the second hand shop), but since when has that stopped an honest corporation from trying…
they’ll write off what they paid, not what they can sell the discs for now
I mean, can’t you write off the purchase cost as soon as you get the asset on the books? Maybe gradually over a 5 year period or whatever. I’d be surprised if they haven’t done that yet.
Now that I think about it too they are probably so big to have ways around taxes anyway so they can do all the right offs they want and pay nothing for any profit