West Africa: Liberia’s Vehicle Depreciation Policy Is Costing Millions – Why It’s Time to Embrace Fair Value Accounting

[Liberian Observer] For some time now, the Government of Liberia (GoL) has implemented a three-year depreciation policy for its vehicles. This policy has influenced the prices at which vehicles are sold to former public servants--including those who previously used these identical vehicles--and has underpinned the legislature's three-year vehicle replacement practice.

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