About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

094613 1 (1975-04-14)

handle is hein.gao/gaobadxor0001 and id is 1 raw text is: 






                          STATEMENT OF THE
                HONORABLE ELMER B. STAATS, CHAIRMAN
                    COST ACCOUNTING STANDARDS BOARD
                             BEFORE THE
             PRODUCTION AND STABILIZATION SUBCOMMITTEE
                               OF THE
         COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS
                       UNITED STATES SENATE
                                 ON
                 COST ACCOUNTING STANDARD NO. 409

                           APRIL 14, 1975




Mr. Chairman and Members of the Subcommittee:


     I welcome this opportunity to discuss Cost Accounting Standard

Number 409, Depreciation of Tangible Capital Assets. There has ber

considerable misunderstanding among some defense contractors and deK s.

industry associations as to what the Standard provides. This hearing

should help both in clarifying the reasons for promulgation of the StandCi

and also in explaining its provisions.

     The Cost Accounting Standards Board believes that the Standard is

a keystone to the development of Cost Accounting Standards for defense

contracts. The Board believes that it establishes fair and equitable

requirements for measuring and allocating depreciation costs under

negotiated defense contracts and subcontracts, and that it promotes a

greater degree of uniformity and consistency in the pricing of those

contracts.




                                                   I             I7I


Ogq- (0 15

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most