Which of the following is true about UNICAP rules? Only otherwise deductible expenses can qualify as a
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Question:
Only otherwise deductible expenses can qualify as a UNICAP expense
UNICAP cost are always fully deductible in the current year
only direct cost our deductible in the current year
Labor costs are never subject to UNICAP rules
Expert Answer:
The term Uniform Capitalization abbreviated as UNICAP refers to a tax concept covered by United Stat... View the full answer
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