@AM74, you should differentiate between a financial accounting book value (writedown of P&E) and the value in use. If in 2020 the plant had no value in generating future revenue, and if GAAP accounting rules permit, then 100% deduction is a reasonable financial decision.
You will see examples of immediate writedown of capex in every business where permitted. I don't see anything sinister in companies expensing P&E, rather than capitalising it.
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