from Hacker News

Big Tech changes accounting standard and boosts the bottom line

by philoinvestor on 3/18/24, 11:20 PM with 2 comments

  • by RicoElectrico on 3/18/24, 11:22 PM

  • by philoinvestor on 3/18/24, 11:20 PM

    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.