(up) to the hilt. âº Something that is done (up) to the hilt is done completely and without any limits: The government is already borrowing up to the hilt. (Definition of â(up) to the hiltâ from the Cambridge Advanced Learnerâs Dictionary & Thesaurus Â© Cambridge University Press) Translations of â(up) to the hiltâ.
accounting cost - actual expenses, plus depreciation. 1  more concerned with past performance. 2  depreciation expenses calculated for capital equipment.  more connected to the IRS than economic cost.
An ordinary expense, the IRS says in Publication 535, Business Expenses, is one that is common and accepted in your industry. A necessary expense is one that is helpful and appropriate for your trade or business.. We make five distinctions when analyzing expenses. We separate personal expenses from business expenses. We separate business expenses into three broad types: cost of goods sold, capital expenditures, and deductible expenditures.