VEC 0.00% 1.2¢ vector resources limited

I wouldn't jump to quickly in writing down the value of the...

  1. 119 Posts.
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    I wouldn't jump to quickly in writing down the value of the plant and equipment. It's market value could actually be worth more than cost.

    I used to be an accountant for a large manufacturing company. We had German machinery that were decades old and had been fully depreciated for decades. They were in excellent working order and if we were to put a market value to them, the value would be multiples of original cost price.


 
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