Term -Allowability

Allowability. The factors to be considered in determining whether a
cost is allowable include the following:
    (1) Reasonableness.
    (2) Allocability.
    (3) Standards promulgated by the CAS
Board, if applicable; otherwise, generally accepted accounting
principles and practices appropriate to the particular circumstances.
    (4) Terms of the contract.
(5) Any limitations set forth in this subpart.

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