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Regarding the tax treatment of expenditures, taxpayers generally want to: Always capitalize and expense over as long a time as possible Expense currently Avoid capitalizing
Regarding the tax treatment of expenditures, taxpayers generally want to:
Always capitalize and expense over as long a time as possible
Expense currently
Avoid capitalizing if at all possible
Capitalize and never expense
If unable to expense currently, capitalize and depreciate as quickly as possible
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Taxpayers generally want to Expense currently This means they prefer to deduct or write off expenses in the current tax year rather than capitalizing them and spreading the deductions over multiple ye...
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
