[OPE-L:4074] Re: Re: Revaluation

From: Andrew_Kliman (Andrew_Kliman@email.msn.com)
Date: Thu Oct 12 2000 - 16:00:58 EDT

I agree with Alejandro's and Julian's initial responses to John.

It seems to me that the distinction between physical depreciation, i.e.,
wear and tear, and moral depreciation of necessity refers to what's
happened to the physical stock.  In the first case its use-value has been
partly used up.  In the second case not.

The subsequent exchanges have been a bit too much for my little head to

Andrew Kliman

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