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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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The term Uniform Capitalization abbreviated as UNICAP refers to a tax concept covered by United Stat...
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