Ya ya, we're all accountants here anyways, keep arguing the minutia of ceiling tests and forecast vs escalated prices all you want, the fact still holds impairments are reflecting future economics (again by definition). No one said they are absolute judgements of future outcomes, but it is a point in time estimate and acting as if they don't relate to future economics is being intentionally disingenuous.
There is a reason analysts don't care about them at all.
|