UNIFORM CAPITALIZATION RULES Definition

Bookmark and Share

UNIFORM CAPITALIZATION RULES (UNICAP), in the U.S., is a method of valuing inventory for tax purposes that requires capitalization of direct costs, e.g. material and labor, and an allocable portion of indirect costs that benefit or are incurred because of production or resale activities. Certain expenses must be included in the basis of the property or in inventory costs rather than currently deducted. These costs are then recovered through depreciation or amortization or as cost of goods sold.

Learn new Accounting Terms

EXIT STRATEGY codifies and gives a business owner or investor a way to reduce or liquidate his/her stake in a business and, if the business is successful, make a substantial profit.

PESO ORO is a currency of Colombia, and the Dominican Republic.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.