Re:Google announces Q1 2023 earnings [pdf]
by ChuckMcM on Tuesday April 25, 2023 @06:37PM
(#35707662)
You are correct.
Public companies can change their depreciation schedules at any time and accounts use that fact to change their "losses" in a way that is most beneficial to the company. Too much profit so have to pay taxes? Depreciate things faster. Not enough profit to appease the investors? Depreciate things more slowly.
Public companies can change their depreciation schedules at any time and accounts use that fact to change their "losses" in a way that is most beneficial to the company. Too much profit so have to pay taxes? Depreciate things faster. Not enough profit to appease the investors? Depreciate things more slowly.