description: Written by but not entirely for lawyers&lt;--&gt;accountants will also find this work of interest&lt;--&gt;this volume describes in detail the history and principles of the last-in, first-out method (LIFO), making a very pointed case for a complete overhaul of the way this method is currently taxed by the IRS. Individual chapters discuss the specific goods method, the cost method, dollar-value pools, indexes, and applications. Davenport, who taught previously at the U. of California in Davis, is an editor for Tax notes. Seago teaches accounting at Virginia Polytechnic Institute and State U. Annotation c. Book News, Inc., Portland, OR (booknews.com)
language: English
title: The Income Taxation of Inventories Under the Last-In, First-Out Method
titlecomplete: The Income Taxation of Inventories Under the Last-In, First-Out Method (Mellen Studies in Business)
publisher: Edwin Mellen Pr