@timrichards
They don’t care.
The have 12 month contracts. As long as their balance sheet looks good for that 12 months, that is all that matters.
We had this issue when I worked as a Trainee Metallurgist.
The Shot blasting machine they used for texturing the rollers in the hot an cold mills was doing $1m worth of damage to itself every year. It was also resulting in substandard quality product.
We wrote a proposal to purchase and Electronic Discharge Texturing machine to replace it; it would cost $3m and use about $500k in consumables in a 4 year period, so it would pay for itself within 4 years.
The bean counters all said No because they all had 12 month contracts and they didn’t want that sort of investment on this years balance sheet.
Depreciation wasn’t able to be accounted for.