In the SNA consumer durables are defined as goods used for purposes of consumption repeatedly or continuously over a period of a year or more. They are not regarded as assets because the services they provide are not within the production boundary. The 2008 SNA suggests that because of the analytical interest of the information on stock of durables, to record them as memorandum item in the balance sheet. This recommendation also is of interest for environmental accounting considering that there is a time lag between the consumption and the residual flows generated when using up the consumer durables. Should the SEEA recommend the treatment of consumer durables as produced assets? |