UNCAP

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Definitions
Uniform Capitalization Rules (UNICAP)
UNCAP Uniform Capitalization Rules Inventory Valuation Taxation Cost Accounting Depreciation Amortization Cost of Goods Sold
Uniform Capitalization Rules (UNICAP) are a method of valuing inventory for tax purposes, requiring the capitalization of direct costs and an allocable portion of indirect costs related to production or resale activities. These costs must be included in the basis of property produced or in inventory costs and are then recoverable through depreciation, amortization, or as cost of goods sold.
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