Depreciation and the market's valuation
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Richard Powell; Wayne B. Thomas; Ted Bainbridge
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Article
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2001
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Elsevier Science
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English
β 692 KB
The purpose of this paper is to better understand how financial markets use depreciation information that appears in the financial statements . When computing depreciation expense, a firm has discretion in its choice of depreciation method and this choice can impact the amount of depreciation expens