Increasingly, INDOPCO issues derive from expenditures pertaining to normal, day-today operating expenses that have been challenged and reclassified by revenue agents as capital expenditures
. Typically, such day-to-day operating expenses are reviewed for proper tax treatment only during the course of the taxpayer's return-preparation process.
Rather, the capital expenditure
is simply added to the taxpayer's basis in the land.
Table: 2.--Revisions to Capital Expenditure
In preparing the management's discussion and analysis (MD&A) under item 303 of regulation S-K, CPAS need to consider environmental risks'impact on a company's financial position, earnings trend, liquidity and capital expenditure
The regulation continues that "amounts paid or incurred for repairs and maintenance are not capital expenditures
." In addition, the cost of acquisition, construction, or erection of buildings, machinery and equipment, furniture and fixtures, and similar property having a useful life substantially beyond the taxable year is specifically defined as capital in nature by Treas.
Operating expenses in the annual comparison decreased by 4.7 percent, capital expenditures
increased by 30 percent.
LAHORE -- A bourse notification filed by Engro Polymer and Chemicals revealed its board of directors approved a capital expenditure
of Rs10.3 billion for addition of new PVC Plant and various other projects.
To obtain a more informative measure when calculating capital expenditures
, users should include what is spent to acquire land, building, and other capital assets--even if obtained via a business combination.
The 8.3 percent gain in 2015 capital expenditures
was strong, coming in light of a 3.1 percent estimate in May.
are a critical part of hospitals' efforts to maintain quality of patient care and financial stability.