1. SA Ross, RW Westerfield and BD Jordan, Fundamentals of Corporate Finance (McGraw-Hill/Irwin, 9th edn, 2010), 23; due to this systematic risk, investors in shares require a return equivalent to the risk-free rate with an additional premium. See G Arnold, Handbook of Corporate Finance, A Business Companion to Financial Markets, Decisions & Techniques (Financial Times/Prentice Hall, 2nd edn, 2010), 245–57.
2. Legal Capital: An Outdated Concept?
3. IAS 16.6: “Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life”; IAS 38.8; IAS 36.9: “An entity shall assess at the end of each reporting period whether there is any indication that an asset may be impaired. If any such indication exists, the entity shall estimate the recoverable amount of the asset”; US GAAP Accounting Research Bulletin no 43, ch 9C, para 5: “Depreciation is a systematic and rational process of distributing the cost of tangible assets over the life of assets”.