Saving tax dollars with the LIFO method

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The Last-in-First-Out (LIFO) method of inventory is promoted as a method to save taxes in the wire and cable industry. A brief explanation of the LIFO method, a means to make it more understandable, and examining the potential benefits of this method closes the article.

Description

The Last-in-First-Out (LIFO) method of inventory is promoted as a method to save taxes in the wire and cable industry. A brief explanation of the LIFO method, a means to make it more understandable, and examining the potential benefits of this method closes the article.

Additional information

Author(s)

Feinschreiber, R.Feinschreiber & Associates

Publication/Event/Pages

Wire Journal International16(9): 146, 149, 151 1983

Year

1983