Simplified Service Cost Method

Simplified Service Cost Method

Simplified Service Cost Method means:
a method used to calculate the amount of certain indirect costs that must be allocated to inventory under the uniform capitalization rules. The simplified service cost method provides for the allocation of administrative, support, and service costs that directly benefit, or are incurred because of, the performance of production activities, but that also benefit other activities. Former IRC (check if this IRC provision is current here) §263A.


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