One hopes that, as the FASB tackles lease accounting, it recognizes that there are many types of leases that reflect truly legitimate business objectives, and that the ultimate goals of more meaningful and useful financial statements, simplicity and cost/benefit may not be achieved by capitalizing
all leases without judgment.
His Word seems to be an exception to all the rules.
263(a)-4(f)(vi), an accrual-method taxpayer must still wait until a liability is incurred before capitalizing
or deducting prepayments.
in London wrote, "I think you are correct in not capitalizing
internet or the web.
remediation expenditures, on the other hand, would distort current period net income and future period net income because there is no relationship between the income-producing activity and discharging the liability for the clean-up expenditure.
intenet reminds me of 18th-century writers who would sprinkle capitalized words throughout their work--such as Honor or Shame or the Four Humors so popular in medieval physiology.
TEI believes that taxpayers should be given the opportunity to weigh the risk of possibly capitalizing
more interest than is required by the regulations using a FAS No.
explains the SEC's actions are important because they show what the SEC considers to be the limits on capitalizing
costs connected with an acquisition under Accounting Principles Board Opinion no.
Presumably, the financial accounting standard of capitalizing
these costs drew the Service's attention, as it provided a convenient argument and numeric support for applying these capitalization principles for tax purposes.