DATE: January 30, 2003

SUBJECT: Federal Acquisition Regulation (FAR); Depreciation Cost Principle

SOURCE: Federal Register, January 30, 2003, Vol. 68, No. 20, page 4875

AGENCIES: Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA)

ACTION: Proposed Rule

SYNOPSIS: It is proposed that FAR 31.205-11, Depreciation, be revised to retain, delete, or clarify specific requirements of the cost principle.

EDITOR'S NOTE: The Cost Accounting Standards (CAS) are Title 48 of the Code of Federal Regulations, Chapter 99. They available at http://www.acqnet.gov/far/97/html/appendix.html.

DATES: Comments are due on or before March 31, 2003.

ADDRESSES: Submit written comments on the proposed rule to General Services Administration, FAR Secretariat (MVA), 1800 F Street, NW, Room 4035, Attn: Laurie Duarte, Washington, DC 20405. Submit e-mail comments to: farcase.2001-026@gsa.gov. Cite "FAR case 2001-026" when referring to this proposed rule.

FOR FURTHER INFORMATION CONTACT: Ralph De Stefano, 202-501-1758.

SUPPLEMENTAL INFORMATION: The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council performed a comprehensive review of the FAR 31.205-11 cost principle to evaluate the need for each specific requirement. As a result of the review, the Councils are proposing to revise the cost principle as follows:

Other changes would be made to FAR 31.205-11 to clarify, improve structure, and remove redundancies throughout the cost principle.

FOR FURTHER INFORMATION CONTACT: Panoptic Enterprises at 703-451-5953 or by e-mail to Panoptic@FedGovContracts.com.

Copyright 2003 by Panoptic Enterprises. All Rights Reserved.

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