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So now we quite legitimately keep several sets of books, trying to stay out of trouble and still make the payroll for the shop. Talk about your costs of bookkeeping!
The limitations imposed in 1300 A.D. are still with us in printing companies. It's a system of static dollar units of measure in a dynamic economy. The binder you bought in 1985 for $600,000 is depreciated in your general ledger to $20,000, and you're still using it at zero depreciation cost. If you added that binder today, it'd cost you double the $600k of 1985 and your costs would skyrocket. That makes sense?
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