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stock depreciation |
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a reduction in the value of stock which is held in a warehouse for some time
COMMENT: Stock depreciation is calculated by the publisher according to a system agreed with the company\'s auditors. Stock is generally depreciated according to its saleability: a reference book or popular classic which might continue to have a steady sale over a period of years may not be depreciated at all. On the other hand, a topical book (such as one on the current Olympic Games) may be written off completely, since it will not sell at all once the event it commemorates has passed. The effect of depreciation is to lower the profit in the current year, and (if the book continues to sell) to increase the profit in the following year. Depreciated stock can be sold to remainder merchants. |
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