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Cost Tech Consulting (6628 words) |
 | Additionally, a correction to require depreciation or amortization in lieu of a deduction for the cost of depreciable or amortizable assets that had been consistently treated as an expense in the year of purchase, or vice versa, is a change in method of accounting. |
| H incorrectly included the cost of this software as part of the cost of the computer, which is 5-year property under section 168(e). |
| As a result, because H included the cost of the computer software as part of the cost of the computer hardware, H depreciated the cost of the software under the alternative depreciation system, using the straight line method of depreciation, a 5-year recovery period, and the half-year convention. |
| ACCRUAL ACCOUNTING FOR SOCIAL SECURITY (5257 words) |
| Accrual accounting measures, which are already available to experts, would be a useful addition to the information provided regularly to the public and should be more easily available and more widely cited. |
| Putting primary emphasis on the accrual measure that Jackson favors is thus potentially problematic for precisely the reason that he views as advantageous: that the natural tendency of highlighting that figure would be to encourage reform plans to distinguish between accrued and not-yet accrued benefits. |
| Preserving the ratio of implicit liabilities to GDP may be sensible, but it is unlikely to be understandable as the primary goal of budgetary policy. |
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