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[Comments on FAR Changes]

B-223689,B-223691 Published: Oct 31, 1986. Publicly Released: Oct 31, 1986.
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Highlights

GAO commented on two Federal Acquisition Regulation cases proposing changes to two cost accounting standards. GAO concluded that: (1) it did not object to the proposed change that would delete the reference to the state discount rate when computing the value of self-insured losses, thus requiring the use of the Treasury rate in all cases; and (2) it would not object to the proposed change to increase the minimum acquisition cost criterion for determining whether the cost of a tangible asset must be capitalized, since it accounts for inflation.

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Cost accountingFederal regulationsLossesProposed legislationFederal acquisition regulationsAccounting standardsDiscount ratesAcquisition costs