and Anthony J. Balden
There have been several recent tax accounting developments. The most
significant is important new legislation that allows businesses to
deduct 100 percent of the cost of qualifying property. Because the new
provision has a limited time horizon...
On this edition, Leslie Schneider of Ivins, Phillips & Barker, Chartered, discusses the status of last-in-first-out (LIFO) tax accounting and international financial accounting standards (IFRS). Mr. Schneider also analyzes the treatment of sales-based royalties for inventory costing purposes and...