RE:Please correct me if this is not correctSounds about right.... But there MUST/Should be a Valid reason for the Charge.... So at face value, it's a valid "valuation/cost/expense".....
You depreciate your car every year.....Because it wears down and become less valuable. If you hit a pot hole and blow your transmission, you write down it even more. It's a loss unless insurance covers it.
So, you don't "Dismiss" This and just say it's "accounting".
All just my opinion/view/thinking.
soundandfury wrote: If they had not taken the $1.9 billion charge...........cve would have had earnings in 2021 of about $1.27 per share.........and would have had to pay $ 500 millions in federal income tax...........therefore by takeing the charge they basically let trudeau pay for the millions needed to fix , maintain and even pay for future repairs for years to come