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>Wait - they are saying that employee salaries are not expenses?

>That is surely wrong? Just because those salaries are for R&D?

The same would be true if you hired a bunch of scientists/engineers and got them to do R&D.



Would it also be true if you hired a bunch of construction workers and got them to build a stadium?


Buildings have to be depreciated, so probably? If you have to depreciate a building if you buy it, why should you get a free pass just because you built it yourself?




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