Comment on Big Tech changes accounting standard and boosts the bottom lineComments−philoinvestorOP2yI 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.Does that sound fair to you or excessive? Thanks.
Comments
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.
Does that sound fair to you or excessive? Thanks.