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This removed the expense and increased depreciation, which inflated their EBITDA.
The effect of the increased depreciation on states is what really worries Mr. Greenstein, who noted that most states follow federal rules on write-offs to calculate their own corporate income taxes.
That change, as well its recent sale of debt, the acquisition of Intermedia and increased depreciation, will cut the earnings for the company's WorldCom Group unit to $1.05 to $1.10 a share, from an earlier forecast of $1.21 to $1.31 a share.
Dylan Setterfield, senior forecasting editor at CAP, admits that it will not always be possible to predict every trigger for increased depreciation.
"The deficit of £325,000 recorded is after charging increased depreciation of £553,000, reflecting the completion of our ground redevelopment.
Pacific Bell is seeking to offset increased depreciation costs through higher rates in its proposed 1986 rate increase package before the Public Utilities Commission.
Similar(53)
Higher capital spending can increase depreciation and lower reported profits, and the prospect of higher taxes might drive energy companies to spend a little more.
This modern stance epitomized what Ortega had come to understand as one of the distinctive characteristics of modernity: the consciousness of human life's increasing depreciation and the subsequent reaffirmation of life through the expression of creative freedom.
"This decision is aimed at limiting substantially increased rouble depreciation risks and inflation risks," the central bank said in a statement.
Louise Wallis, head of business development for the National Franchised Dealers Association, accepts that this has increased car depreciation in recent years, as it has a trickle-down effect, reducing used car values.
The IRS wanted to increase the depreciation timetable to 15 years, which would mean the track owner's depreciation would be cut in half.
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