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Re: Bill of Material 2011
Great answer from the GDC about cost accounting of prior year a KOP compressor, etc. vs. units provided in the rookie KOP:
Quote:
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1) The items are not in the 2011 KOP, thus they must be accounted for using the fair market value.
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(emphasis mine)
Is a used compressor considered "3-year equipment" and therefore can be depreciated accordingly? If it seems I'm "lawyering the rules", GDC started it!
Seriously, as an inspector, this is not where I would want to go in reviewing a BOM. Perhaps other inspectors would enjoy this, but I'd rather not become an auditor. It's just not what I do...
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