Blink… Times building just depreciated $1
The New York Times’ fancy new building on 8th Avenue comes at a cost. First there was the falling glass and other debris, then there was that annoying issue of mice making a home in the skyscraper.
But how’s this for a cost? The New York Times headquarters building is likely to depreciate at a rate of $8 million per quarter, according to its latest earnings release.
What’s $8 million per quarter? Here’s our rough breakdown:
- $2.67 million per month
- $88,889 per day
- $3,704 per hour
- $62 per minute
- $1.03 per second
In other words, the building lost $30 — give or take — while you were reading this post.