4 ms·
It's only an asset if viewers can see it. If they never show it, and never put it on media, it's not an asset and has zero value for tax purposes. So poof Westw
by slowmovintarget 3y ago
It's only an asset if viewers can see it. If they never show it, and never put it on media, it's not an asset and has zero value for tax purposes. So poof Westworld disappears and is no longer an asset.
- prepend 3y agoIt’s an asset with zero value. They still own it and retain all rights, they just think it’s worth $0. This is very important for tax purposes as if they ever sell it then they will pay taxes on the full amount sold. If they had a value on books then they would pay the difference of the sales price vs the value on books.