Submitted by NicuCalcea t3_z2rx3w in dataisbeautiful
LordTC t1_ixjoyge wrote
Depends a lot how much of amortization and appreciation is based on reality and how much of it based on GAAP. Some things depreciate to basically worthless in two years according to GAAP but often still sell for half their value later. So it’s quite possible some of these losses are paper losses rather than actual losses.
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