Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Energy: Title 2--UEA Discontinued Operations

  Premium   Download PDF Now (4 pages)
Report Type Reports and Testimonies
Report Date April 28, 1994
Report No. AIMD-94-108R
Subject
Summary:

GAO reviewed the Department of Energy's Uranium Enrichment Activity's (UEA) reporting of property and equipment losses from discontinued operations. GAO noted that: (1) UEA complied with mandated accounting and financial reporting requirements in its June 1993 financial statements; and (2) the net book value of the property and equipment estimated at about $501 million should be recognized as a loss, since these assets no longer benefit UEA and UEA is unlikely to recover any portion of the cost of the property.

« Return to search Government Accountability Office reports