(09 Aug 2017, 7:00 pm)Dan Poor planning by Stagecoach, then? If a batch of buses had such a high book value, the company should not have planned to replace them, especially if there was little chance of them being sold on for further use or transferred elsewhere within the group.
It won't be keeping the company's accountants happy either way - making a loss on a bus when selling it due to it having such a high book value, or a revenue-earning asset sat dormant in the corner of a depot depreciating.
(09 Aug 2017, 7:00 pm)Dan Poor planning by Stagecoach, then? If a batch of buses had such a high book value, the company should not have planned to replace them, especially if there was little chance of them being sold on for further use or transferred elsewhere within the group.
It won't be keeping the company's accountants happy either way - making a loss on a bus when selling it due to it having such a high book value, or a revenue-earning asset sat dormant in the corner of a depot depreciating.