Is a Lease Really an Intangible Asset? | PNWC’s Government Contracting Update
Cost Accounting Standard (CAS) 404 establishes criteria for determining the acquisition costs of tangible assets which are to be capitalized. It requires contractors to capitalize the acquisition costs of tangible assets in accordance with a written policy that is reasonable and consistently applied. We have detailed the essential requirements of CAS 404 in a previous post that can be read here.
Source: PNWC’s Government Contracting Update: Is a Lease Really an Intangible Asset?