A.R.S. § 42-14356: Adjustments to achieve comparability

In attempting to accurately assess ongoing business operations, income and property, adjustment may be necessary to minimize differences. The overall objective is to achieve comparability in determining appropriate stabilized income and typical property changes from prior years. Occurrences that may prompt such an adjustment:

1. Are extraordinary, unusual and infrequent events.

2. Are material in nature, of a character different from the typical or customary business operations, not expected to recur frequently and not normally considered in evaluating the operating results of a business.

3. May include material increases or decreases in income and property as a result of such events as write-offs, write-downs and changes in accounting methods or practices.