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The lower the asset drops, the more you can write off when you do it. So it’s best to wait until the asset is the lowest that you think it will go. Of course yo

The lower the asset drops, the more you can write off when you do it. So it’s best to wait until the asset is the lowest that you think it will go. Of course you could mistime it

kgwgk 5y ago
That makes absolutely zero sense. Whatever you lose in the end is what you will lose. You can lose many billions this quarter and more billions next quarter.
- hef19898 5y ago
  I'm pretty sure BP had a lot of accounting and tax knowledge throen at that question before doing it.