Tuesday, May 27, 2014 1:22:46 PM
The appraisal DEDUCTED the costs for capital expenditures from the valuation. So no, that's simply not true.
Wrong again... The reason why the plant 'is not capable' of refining is because the refinery 'RENDERED THE EQUIPMENT' inoperative. NOT that the equipment doesn't work or is non-existent. INFACT, this appraisal deducted necessary capital expenditures needed to continue operation from the valuation.
SECONDLY, that permit you continue to reference deals with pollution (and therefore taxes and fees). Since the last company wanted to refine certain pieces of oil, they needed to revise their state permit to reduce expense.
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