they are destroyed, at which time they
will be charged to consumed in operations.
b.
ce.
In the absence of reliable cost informa-
tion, the value of equipment will be
determined by appraisal at time of issue
and time of turn-in.
It is not contemplated that normal depreciation will be charged to this operation.
For example, a truck appraised at $9,000.00
at the time of issue will be appraised at
$9,000.00 at time of turn-in, provided it
is serviceable,
Net Capital Value: The net capital cost
:. will be the totals of all charges to
capital costs, less the credits.
These
eredits as mentioned before indicate either
(a) consumed in operation or (b) return
of serviceable capital items to stock.
The cumulative total of net capital value
at any given time during the operation
will reflect the total value of all capital
items assigned to the operation and still
available for future use.
LPS9nisdfardate:practical for an organization of this type,
—“€he Cost Division will operate under the provisions of AFL 177-4, Departmentof the Air Force, Title: Accounting, dated 12 June 1952. Under
‘this system.information will be available in sufficient detail for budget“4ng and management as well as to satisfy the requirenents of JIF SEVEN ~
and USAF,
‘
(1) Aset
seountingP
rocedures:
be
up using
orce Form
@ manner set forth
ion
°}
~Lso
ocedures outlined in
he above referenced section will be followed to extent
1
ey are applicable to this type organization.
(2)
Accounting for Personnel:
The procedure used for
costing military personnel expenses will be that outlined in Par, 32, Section IV, AFL 177-4. This procedure
provides for the use of time sheets by each director
or activity head, to’ record daily the personnel on
- duty with the section.
.
(3) Accounting for mteriel, aircraft operation and main-
tenance and other expenses will be essentially as set
forth in Sections V, VI, and IX of AFL 177-4.
d.
Reports:
_ (1)
(2)
Cumulative reports only of operating and capital costs
will be submitted as of the end of each month to JIF.
A monthly Expense Summary will be submitted to ARDC as
.of the end of each month.
Pee
a
TASK, GROUP 724°
OPRSORDER NO. 1-53 .
ANNEX J
sified
snes