Uniform capitalization of indirect inventory costs is required for most very large taxpayers.

Name: Uniform capitalization of indirect inventory costs is required for most very large taxpayers.
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Question

Uniform capitalization of indirect inventory costs is required for most very large taxpayers.

Quizplus · Accepted Answer

This statement is true. For taxpayers with average annual gross receipts exceeding $25 million for the three prior years, uniform capitalization of indirect inventory costs is required under Section 263A of the Internal Revenue Code.

Uniform Capitalization of Indirect Inventory Costs Is Required for Most Very