Re: Help with accounting standards - Stock provisions

> Peter Saxton wrote
> >The policy of writing down to zero over five years is wrong.
> >Net realisable value is the same as cost less "correct provision".
> >The provision they are making is arbitary and illogical.
> >
"Keith" wrote
> Bollocks.

Keith, can you tell us why you did *not* write down the value of the
"Bigshot microchips" to zero in your example earlier - like you did with the
butter? [Seems very reasonable, but possibly at odds with your reply to
Peter here.]

And then explain why you *would* write down the value of the OP's tractor
parts to zero, just like the butter?



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