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A comment on $700bn Bailout is shot down by House of Rep Vote (205-228), US stock market plummets. Parent comment

Re:$700bn Bailout is shot down by House of Rep Vote (205-228... by arockwell on Wednesday October 01, 2008 @11:24AM (#320760)
I think we're really talking about two different things. You're talking about depreciation as it applies for tax purposes. I'm talking about what's the actual price of a used car. Depreciation tries to make a baseline guess at what rate the value of car will fall, but does not set the actual price of the car in the market.
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Re:$700bn Bailout is shot down by House of Rep Vote (205-228... by jotto on Wednesday October 01, 2008 @01:01PM (#320884)
you're right, we are talking about 2 things, and your approach is more accurate - however. most entities will value an asset based off of a formula, not market price.
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