Which of the following statements is true regarding application of the uniform capitalization rules?
A) The unicap rules apply to all manufacturers.
B) The unicap rules apply to all retailers and wholesalers.
C) The unicap rules do not apply to any taxpayers who have average annual gross receipts for the last three years of less than $10 million.
D) The unicap rules do not apply to taxpayers using the full-absorption method.
Correct Answer:
Verified
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