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Serggg [28]
3 years ago
11

I need an ESSAY about DEDUCTIONS 5 sentence

Business
1 answer:
aleksandr82 [10.1K]3 years ago
5 0

Answer: see explenation

Explanation:

   A process of reasoning that moves from the general to the specific, in which a conclusion follows necessarily from the premises presented so that the conclusion can't be false if the assumptions are true. The most common expenses that qualify for itemized deductions include: Home mortgage interest. Property, state, and local income taxes. Investment interest expense.

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The decrease in the value of inventory below cost can be due to different causes, such as physical deterioration, obsolescence, a drop in the price level, etc. In these situations, the inventory is recorded at its market value. The difference in value (cost-to-market value) is recognized as a loss for the current period. It should be understood that the market value of the inventory must be estimated since the inventory has in fact not been sold. As a general rule, the concept of market value is used in terms of the current replacement cost of inventory, that is, what it will currently cost to purchase or manufacture the item.

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