The asset valuation guidelines of the Steering Committee on National Performance Monitoring (1984) impose on GTEs a truncated and poorly represented form of CCA, with no apparent appreciation of the reasons on which this framework was previously rejected in the private sector. The only tacit recognition of these earlier events is in the guidelines' avoidance of the term “CCA” in favour of the more seductive “deprival value”. By averting rather than building on the CCA debate, the guidelines lack integrity as well as coherence.