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What does UNICAP stand for?

UNICAP stands for Uniform Capitalization (inventory planning)

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

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Samples in periodicals archive:

The complexity that we've come to live with in the employee benefits area, in the ERISA provisions, in the foreign area, and domestically, in uniform capitalization rules--all of it is counterproductive.
Other procedures (such as limitations on business expense deductions and certain aspects of the uniform capitalization rules) will drive the IRS and NIPA definitions further apart and, as a result, necessitate a new set of adjustments to the IRS data.
Since the royalty payments were calculated using a percentage of sales, the Second Circuit held, the royalty cost was incurred only if inventory was sold; therefore capitalization of the cost was not required under the uniform capitalization (UNICAP) rules of IRC [section] 263A.
The first phase of the Tier I issue emanated from taxpayers asking to change accounting methods for uniform capitalization from the facts-and-circumstances method to the simplified service cost method to allocate mixed service costs between inventory and self-constructed property.