Is there someone who understands / can explain the tax principles behind the removal? I see the term impairment charge mentioned in the article. Best I can tell, the company is saying their book value is higher than the actual value of the item, so they can take the loss and write it off. But why does that necessitate removing it?
Is this also the reason that Disney used to put stuff into “the vault” back in the day?
I’m all on board with piracy-first (I don’t even bother to figure out how to pay for movies/TV anymore because piracy is so much more convenient), but I want to be able to explain to a layman why things are getting worse.
Even with a free forum host, it’s difficult to keep things running for a long time.
Awhile back I was unsatisfied with how quickly my (new) furniture was degrading, and found a furniture forum run by a guy in the biz. So much knowledge on there about different furniture and how to actually find quality stuff that will last decades.
The owner retired this week, and he had been paying for an IT contract to do basic maintenance / upgrades on the forum (I think he started on a free host, but as it got bigger he eventually had to move it). He needed IT help basically to apply security patches and do upgrades. He’s stated that he no longer plans to pay for the maintenance contract. I’m guessing the forum will disappear soon.