Real and Personal Property, FY-76.
Abstract
The National Security Act of 1947 requires the Secretary of Defense to report annually to the President and to the Congress on the property records on the fixed property, installations, and major equipment items, and stored supplies of the Military Departments maintained on both a quantitative and monetary basis. This report showing the status of Department of Defense real and personal property as of 30 June 1976 has been designed to meet the statutory requirement. The values reflected in the report for land and buildings and for long-life equipment, such as ships, represent original acquisition cost. Acquisition costs of ships as well as land and buildings are often substantially below current replacement value. Construction in progress is valued on the basis of cost of material and labor incorporated in the projects under construction. The value of items other than major equipment in supply system inventories is generally based upon standard prices, representing replacement or estimated purchase price. The value of major equipment is derived from the unit cost based on the most recently executed contract for large quantity production.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1976
- Accession Number
- ADA165197
Entities
Organizations
- Washington Headquarters Services