Census Bureau News -- Information and Communication Technology Survey

WASHINGTON, March 29, 2012 /PRNewswire-USNewswire/ -- The following tip sheet was released today by the U.S. Census Bureau:

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Information and Communication Technology Survey – These statistics, based on the 2007 North American Industry Classification System, estimate capitalized and noncapitalized spending in 2010 for Information and Communication Technology (ICT) equipment and computer software at the sector level, as well as for three-digit and selected four-digit industries.

Rapid advances in ICT equipment result in these assets having short useful lives and being replaced at a much faster rate than other types of equipment. As a result, rather than capitalizing the value of such assets and expensing the cost over two or more years, companies often expense the full cost of such assets during the current annual period. In some cases this same-period expense is also because companies have varying dollar levels for capitalization. Hence, the survey gives users a more complete idea of U.S. companies' total investment in ICT equipment. The statistics are used to assess future productivity and economic growth prospects and permit the reconciliation of important differences between reported production and consumption of technology. Internet address: www.census.gov/econ/ict/xls/2010/full_report.html.

No news release associated with this product. Tip Sheet only.

Contact: Public Information Office
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SOURCE U.S. Census Bureau