My apologies for not being more clear. It is my understanding when taking depreciation of an asset (consideraing both GAAP and FASB for Corporations, not LLC's, S-Corp's, etc..) a corporation is allowed to depreciate certain tangible assets for the purpose of reducing their tax burden on a scheduled bases - typically 1- 10 years. I liken the benefit of depreciation as a temporary "loan" from the Gov't. The Gov't loses revenue when allowing businesses to lower their taxable income (EBITA) owing to non-cash outlay associated with depreciation. Current Federal tax laws provide rules and regulations requiring corporations to "pay back" portions (in some cases all) of the amount depreciated in a defined period of time. The Gov't will get their money one way or another, or one may find themselves behind bars. The exact IRS Tax Code defining this requirement escapes me at the moment, however I am aware of the requirement to pay back, and/or account for the depreciation within in speciafied time period, (two fiscal years if I remember correctly or the sale (change of disposition of an asset)) at a corporate tax rate of 35% despite Federal corporate tax rate being 21% for FY23. That being said, F9 may have temporarily avoided taxes for FY23, but the chickens will be coming home to roost in the not too distant future. If F9 doesn't have the money to pay their tax burder, the Gov't could move to seize assets for the purpose of sale and ultimately payment of F9's debt to the Fed Gov't. and/or place a tax lein on property/assets. It's a bit more complicated for publicly traded companies/SEC. *disclaimer: When I studied this stuff there were the "Big-6" accounting firms, now we have have the "Big-4", so my info may be a little dated.