To consider abandoning
these assets, the net present value of remaining cash flows must be estimated.
The Company reserved the right not to proceed with the Reverse Stock Split in the event that it determined that the amount of cash required to cash out fractional shares would exceed $3,000,000 (exclusive of transaction costs and fees), or if the Company otherwise determined that abandoning
the Reverse Stock Split would be in the best interests of the Company.
Although the authority has not voted on whether to sell the 59-acre property where the new terminal would have been built, Burbank council members were angered that the authority did not consult them about abandoning
the terminal effort.
On the other hand, some taxpayers may want to consider legally abandoning
While the concepts may be related, abandoning
a property or asset is not necessarily the same as determining it is worthless.
School board President Caprice Young, who previously supported the completion of Belmont, joined longtime opponents David Tokofsky and Julie Korenstein on Wednesday in calling for abandoning
The loss was allowed because of the difficulty in abandoning
a nuclear power plant and the fact that the taxpayer had taken all the steps necessary to abandon the plant and could not reverse course to recover the property.
There was no sale or exchange because Citron was not relieved of liabilities as a result of abandoning