Census: Business Spending on Technology Infrastructure $250 Billion in 2006

by Sabrina I. Pacifici on March 6, 2008

News release: “U.S. businesses spent $250.7 billion on information and communication technology equipment and computer software in 2006, an increase of 6.3 percent from 2005, according to a recent report from the U.S. Census Bureau. The report, Information and Communication Technology Survey, presents annual data on noncapitalized and capitalized business spending for information and communication technology equipment and computer software. It serves as a supplement to the broader Annual Capital Expenditures Survey report. Noncapitalized expenditures are expenses for assets that have a useful life of more than one year and are written off in the same year in which they are made. Capitalized expenditures are expenditures for assets that have a useful life of more than one year and are usually depreciated.”

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