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13. Assume a project that has been in operation for 15 years. At the time the project was initiated, a 15 -year straight-line tax depreciation

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13. Assume a project that has been in operation for 15 years. At the time the project was initiated, a 15 -year straight-line tax depreciation was decided upon, based on the expected lifetime of the project. Now that you have reached the 15-year mark, you realise that the project can technically still operate for at least another 5 years. What do you do? You just continue operations and have zero tax depreciation for the remaining years of operation. Because apparently the asset is worth more than previously expected, you add 50% to the remaining asset value and continue depreciating at the same

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