Thor Power Tool Co. v. Commissioner
id:
thor-power-tool-co-v-commissioner-281-15326574
title:
Thor Power Tool Co. v. Commissioner
text:
Thor Power Tool Company v. Commissioner, 439 U.S. 522 (1979), was a United States Supreme Court case in which the Court upheld IRS regulations limiting how taxpayers could write down inventory. Thor manufactured equipment using multiple parts that it produced. It capitalized the costs of these parts when produced. When it had inventories of parts in excess of production needs, the company's accounting practice was to write down those inventories, taking a loss based on management judgment. Howev
brand slug:
wiki
category slug:
encyclopedia
description:
1979 United States Supreme Court case
original url:
https://en.wikipedia.org/wiki/Thor_Power_Tool_Co._v._Commissioner
date created:
date modified:
2023-09-13T03:11:56Z
main entity:
{"identifier":"Q7796091","url":"https://www.wikidata.org/entity/Q7796091"}
image:
fields total:
13
integrity:
14