Difference between revisions of "Capital Consumption Adjustment"
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Revision as of 22:55, 13 November 2023
Definition
Capital Consumption Adjustment. Private capital consumption allowances less private consumption of fixed capital (defined below). This adjustment is used to convert income and depreciation measures from the historical-cost accounting used by firms when filing their income tax returns to the current- replacement cost basis with consistent service lives and empirically based depreciation schedules.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009