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Big Tech changes accounting standard and boosts the bottom line

5 pointsby philoinvestorabout 1 year ago

2 comments

RicoElectricoabout 1 year ago
<a href="https:&#x2F;&#x2F;archive.is&#x2F;m3tYZ" rel="nofollow">https:&#x2F;&#x2F;archive.is&#x2F;m3tYZ</a>
philoinvestorabout 1 year ago
I found this interesting. Microsoft added $3.7bln in EBIT last year from this accounting change. They now say their servers and network equipment have a useful life of six years.<p>Does that sound fair to you or excessive? Thanks.