4 ms·
Using the correct accounting method (value based method) the value of an asset (the movie) includes its future profit value. If you then choose not to release t
by jedberg 3y ago
Using the correct accounting method (value based method) the value of an asset (the movie) includes its future profit value. If you then choose not to release the movie, the future profit goes to 0, and you can write off the loss of the asset value.
- deleted 3y ago[deleted]
- mminer237 3y agoWhat basis do you have for that method? Your basis for capital losses is the amount you put into it. If you're writing it off, the value of the asset is by definition zero. The only way you could write off based on the value would be if you already paid capital gains on the value.