Seeking Consistency in Relating Capital to Current Expenditures

53 Pages Posted: 18 Sep 2008 Last revised: 2 Oct 2008

See all articles by Henry Ordower

Henry Ordower

Saint Louis University - School of Law

Date Written: 2004

Abstract

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.

Suggested Citation

Ordower, Henry, Seeking Consistency in Relating Capital to Current Expenditures (2004). Virginia Tax Review, Vol. 24, p. 263, 2004. Available at SSRN: https://ssrn.com/abstract=1270180 or http://dx.doi.org/10.2139/ssrn.1270180

Henry Ordower (Contact Author)

Saint Louis University - School of Law ( email )

100 N. Tucker Blvd.
St. Louis, MO 63101
United States

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