Replies to post #119317 on Plastic2Oil Inc (PTOI)

[Rawnoc]

Still dead wrong. The labor used to contruct a P2O processor is capitalized and included in the equipment cost you see on the balance sheet.

So, again, your numbers are made-up fiction which have no biased in reality.

"Capitalized costs are those expenses that are incurred in building or financing a fixed asset. Examples of capitalized costs include labor expenses incurred in building a fixed asset or interest expenses incurred as a result of financing the construction of a fixed asset..."

"Fixed assets that qualify for such accounting treatment include facilities and other assets that a company constructs for its own use."

http://www.enotes.com/biz-encyclopedia/capitalized-costs

[stocker11]

Why do you dispute the numbers provided by the company - $587,000. You think they picked that number out of thin air and went with it. You have no idea what the actual costs are yet you continue to say that the numbers provided by the company, and most recently at the AGM last month, are wrong.