> Yeah but they are depreciating things that aren't expected to depreciate. You need to be more precise with "depreciate." These assets (tangible/intangible)

> Yeah but they are depreciating things that aren't expected to depreciate. You need to be more precise with "depreciate." These assets (tangible/intangible) have a limited useful life and generate revenues beyond the current period. For sports franchises, there's no guarantee that they'll be around forever, and they also require continuous working capital maintenance and capex to continue operating. There are limits to what can be depreciated. Generally, IP needs to be purchased (not self-built) in order to be depreciable.[0] [0] https://www.investopedia.com/ask/answers/061715/intellectual-property-considered-form-capital-asset-within-company.asp https://www.investopedia.com/ask/answers/061715/intellectual...