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Don Phillips column about Amtrak accounting
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<p>[quote user="BaltACD"]</p> <p><span style="color:#0000ff;">There are two things that can be argued without end - </span></p> <p><span style="color:#0000ff;">Accountants and psuedo Accountants arguing how to 'accurately' account a company they have no 'inside' information about</span></p> <p><span style="color:#0000ff;">Engineers and psuedo Engineers arguing on the intricacies and application of the various formulae concerning dynamic engineering situations. </span>[/quote]</p> <p>Spot on! Unless one has access to Amtrak's accounting records they don't know how much depreciation is assigned to any capital investment. All we know from the public information, which as corporations go, Amtrak is pretty forthcoming, is the total depreciation charged to the income statement.</p>
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