Pentagon Again Uses Budget Lies To Deliver More Weapons To Ukraine
In accounting an entity can generally use one of several methods to account for stock material. Using (ever increasing) replacement costs or (ever decreasing) book value are two arguably valid methods. What is a no-no though is to change horses during race. One either uses one or the other. One never-ever changes the applied accounting method during the accounting period.
Any commercial company doing what the Pentagon is doing here would be asking for serious trouble.
One wonder if and when Congress will wake up to this.