12 month rule
id:
12-month-rule-305-8635215
title:
12 month rule
text:
In the field of taxation in the United States, the 12 month rule refers to the capitalization of property or assets that provide only short-term benefits. The 12 month rule makes it unnecessary to capitalize the cost of purchase or production of anything with a useful life of less than a year, although it is not without exception. Prop. Reg. 1.263(a)-2(d)(4)(i) serves to codify the 12 month rule and the generally accepted view that capitalization is only required for costs related to the purchas
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/12_month_rule
date created:
date modified:
2023-05-19T11:15:32Z
main entity:
{"identifier":"Q4548758","url":"https://www.wikidata.org/entity/Q4548758"}
image:
fields total:
13
integrity:
13