Cost Principles and Cost Accounting Standards-Cost Amortization
Typical categories of restructuring costs (e.g. severance pay, early retirement, lease cancellation, etc) are under normal circumstances recognized as current period costs in the period they were incurred. However, under the Interpretation to CAS 406, restructuring costs are deferred charges and amortized over future periods unless the contracting officer permits the contractor to expense these costs currently. The amortization period should not exceed five years and while a straight line method is normal, other amortization methods are permissible.
{TAG_FORM_TITLE}
To discuss your needs, contact Bill Lennett, Principal, at 1-925-362-0712 or email him at
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
.
