Useful life and residual value rules modified; departures require disclosure and technical justification and significant parts treated separately. Amendments substitute Schedule II provisions so useful life ordinarily follows Part C and residual value is subject to a prescribed low limit; departures require disclosure and technical justification. Component accounting is required where parts are significant and have different useful lives, with a transitional voluntary period followed by mandatory application. Paragraph 7(b) is amended to change an obligation to permissive recognition.
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Provisions expressly mentioned in the judgment/order text.
Useful life and residual value rules modified; departures require disclosure and technical justification and significant parts treated separately.
Amendments substitute Schedule II provisions so useful life ordinarily follows Part C and residual value is subject to a prescribed low limit; departures require disclosure and technical justification. Component accounting is required where parts are significant and have different useful lives, with a transitional voluntary period followed by mandatory application. Paragraph 7(b) is amended to change an obligation to permissive recognition.
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