Part 3/12:
To illustrate his point, Bur employs a compelling analogy involving airplanes—an example more tangible than the intricacies of semiconductor accounting. Imagine purchasing a $13 million airplane expected to last 13 years. Standard accounting practice would depreciate the asset evenly over time, say about $1 million annually. This method implies that after three years, the aircraft still retains most of its value, though it might have depreciated somewhat.