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Big Tech changes accounting standard and boosts the bottom line
5 points
by
philoinvestor
about 1 year ago
2 comments
RicoElectrico
about 1 year ago
<a href="https://archive.is/m3tYZ" rel="nofollow">https://archive.is/m3tYZ</a>
philoinvestor
about 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.