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basically: if you buy an asset that lasts >1 year, you can spread the cost over those years. that’s depreciation. if you extend the asset’s useful lifetime, you get to spread out the costs over a greater number of years, so your expenses per year seem lower, and your profits seem greater.

data center corporations claim to have extended the useful life of GPUs by one or two years. but burry contends that the GPUs’ useful lifetime is shrinking, not growing, which makes that financial fraud