Simplified Production Method

Simplified Production Method

Simplified Production Method means:
a method used to account for additional costs allocated to inventory under the uniform capitalization rules. The simplified production method can be used for:

1. stock in trade or other property properly included in ending inventory, 2. property held primarily for sale to customers in the ordinary course of a trade or business.

3. property constructed for use in a trade of business provided (1) and (2) above apply, and.

4. property constructed for use in a trade or business if the property is normally produced on a routine and repetitive basis. Former IRC (check if this IRC provision is current here) §263A.


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