Comment by jopsen

6 months ago

Amortization makes sense for things that have some inherent value. Like a microscope or computer.

A bankrupt company can still sell their computers. Selling you code, lol -- code is more of a liability really :)

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jopsen

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malshe  6 months ago

> Amortization makes sense for things that have some inherent value. Like a microscope or computer.

I am nitpicking but since a microscope or a computer is a tangible asset, the correct term is depreciation. Amortization applies to intangible assets.

bearjaws  6 months ago

The software that companies make is sold off in bankruptcy all the time.

I have a few friends who specialize in it with 2 ongoing contracts for splitting off pieces of software.

Supermancho  6 months ago

> Selling you code, lol -- code is more of a liability really :)

It's important to consider that lawmakers (who are not well informed or downright stupid) might think code has intrinsic value because of media married with a lack of real-world experience.

  • bonoboTP  6 months ago

    Lawmaker is a misleading word. The people who actually make the law and lobby for it probably know quite a bit. The representatives are law voters not makers. They don't design the laws literally. They vote because they are told to.

  • tomrod  6 months ago

    Continuing your observation, this presumes they read and think deeply about the bills they vote on. They do not.

jppope  6 months ago

Realistically that says more about the quality of software that we build than the concept of software as an asset