Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?
Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?
Oh it’s because if you sell something for 20 million that cost you 80 million and the person you sell it to makes more than 20 million you are are giving profit to your competitors and your board of directors will fire you for being bad at your job. It cant just be a decision that’s good for you, it has to also not show that you were wrong about its value and give that value away to you competitor to make you look bad. The good if the intended audience isn’t factored in beyond hours much they expect to make of released
If they claim it as a loss it’s very hard to ever use it again so they effectively have to ignore it’s existence forever.
This is how i understand it. I’m sure the community will correct anything it got wrong and i thanks them for it