Question: Which of the following is true about UNICAP rules? Only otherwise deductible expenses can qualify as a UNICAP expense UNICAP cost are always fully deductible

Which of the following is true about UNICAP rules?

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


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