Posted 12/29/2015 15:02 (#4995534 - in reply to #4994937) Subject: RE: Depreciation
EC North Dakota
I must be missing something here.
All I've read is he feels he has too much depreciation to carry.
Did he say he couldn't make his payments?
If their operation has equity of some kind, they could easily have too much depreciation and still have enough equity to keep his banker more than satisfied.