University of the State of New York; Accountants -- Legal status, laws, etc;Business education;Accounting -- Study and teaching; Railroads �?? Accounting;New York University; Corporation Reports;
United States Steel Corporation;Depreciation;Replacement of industrial equipment -- Accounting
This paper examines the magnitude of the reporting bias inherent in the historical cost accounting of a firm's physical capital. Reported depreciation data pertaining to U.S. Steel Corporation (currently USX) between 1939 and 1987 are compared with...