(09 Aug 2017, 5:08 pm)Kuyoyo wrote Book Value comes into effect. With Scarp value at a low price at present, it's no good selling vehicles that have a value of £20k still for just £1k (or less). The likely reason why 22214/5/673 departed so soon is that they will have had little or no book value therefore they would actually have seen the company earn something for their sale.

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.