10 Misconceptions Your Boss Has About a loss on disposal of a plant asset is reported in the financial statements
I don’t know about you, but I’ve never seen a plant asset on the balance sheet, so I just assumed that if there is any loss to a plant asset, that was simply a loss. To be honest, it probably isn’t, though I have seen some reports about a plant going into liquidation.
Ive heard of that but I dont know if it was ever reported.
The plant asset in question is a rare earth mineral called neodymium. This is a hard, white-gray mineral that occurs in a variety of different sizes and shapes. It is used in many applications, including magnets, superconductors, and in some medical imaging equipment. In many industries, including the defense industry, high-grade neodymium is used for magnetic shielding or magnetic shielding materials.
In general, rare earth materials have the property of being relatively durable, and neodymium is no exception. However, there are some rare earth compositions that are quite susceptible to the elements that can naturally be found in the environment. Some of these elements can cause neodymium to become brittle and break into pieces.
I think this is a bit of a weird statement – the fact that many magnetic shielding materials are brittle is actually a good thing – it means that they’re really durable. I’m not sure if there are any natural neodymium deposits in the earth that could cause this, or any other reason that would cause it. However, it does make me wonder about the health of the rare earth deposits in the earth.
Neodymium metals are alloys of neodymium and iron, and are produced in quantities that are only possible by mining. They are used to increase the strength of steel and to make magnets. Neodymium is a rare earth metal, and is found in only a small percentage of the earth’s rock. Neodymium is an anti-corrosion material, and is most commonly used to make magnets.
This is a very important issue because according to The Minerals Management Institute, the number of rare earth deposits has increased from 5.4 billion tonnes in 2000 to about 7.5 billion tonnes in 2008. This increase has happened primarily due to expansion of extraction and processing. A recent report by the BRC Minerals Management Institute says that the global reserves of neodymium have increased from about 4.75 billion tonnes in 2000 to about 6.8 billion tonnes in 2008.
This is a very interesting story. Apparently, a mining company in Germany was able to sell a rare earth mineral for the first time in its history. It was sold to a company in the United States and it was sold for $2.5 billion back in 2006. The Minerals Management Institute says it is now considered a world heritage site.
This is very interesting. If you read the report of the sale over the years, you’ll see that there is nothing unusual about a rare earth mining company selling a mineral for the first time in its history. All these companies are using old technology and old processes for their mineral mines. They should have learned their lesson after the 2006 sale.
In the case of the 2006 sale, this could be because the company was forced into bankruptcy by the government. The Minerals Management Institute says it was so desperate to find new profits that they sold the sale of the precious metal for a “slightly below market value.” You may have noticed a similar situation in the case of the company selling the former British Royal Doulton for 1.3 billion back in 1996.