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When standard operating procedures seem to interfere with responsiveness or replace common sense, this illustrates the bureaucratic pathology known as:
Net Property
This term typically refers to the net book value of a company's property, plant, and equipment (PP&E) after accounting for depreciation and amortization.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was acquired, reflecting its loss of value over time.
Historical Cost
is the original monetary value of an asset or investment at the time of its acquisition, without adjustments for inflation or market fluctuations.
Common-Size Balance Sheet
A financial statement that presents all items as percentages of a common base figure rather than absolute numerical figures, facilitating comparison.
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