RE:RE:RE:RE:RE:Paying debt off Ok my jcw, isn't accounting amortization and write downs reversed for taxable income determination and CCA then deducted based on rates established by CRA. My limited understanding believes this is one of the items that result in the calculation of deferred taxes. Also, you are correct assets do decline in value, the decline in value should have so resemblance to economic value. Companies that continue to show large losses on asset disposals may have inappropriate amortization policies.
remember folks if stories don't make sense they are often at best a stretch, at worst a gross departure from reality.