Seeking Consistency in Relating Capital to Current Expenditures
Saint Louis University - School of Law
Virginia Tax Review, Vol. 24, p. 263, 2004
Identifies relational duration as the key factor that distinguishes capital from current expenditures for tax purposes and argues that inventory cost is fundamentally identical to capitalization. Barriers to deductibility such as illegal payment prohibitions should also be barriers to capitalization or inventory absorption.
Number of Pages in PDF File: 53working papers series
Date posted: September 18, 2008 ; Last revised: October 2, 2008
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