Asbestos is found in rocks and soil. These mineral fibers have worked well for manufacturers for many reasons. For starters, theyâre flexible and resistant to heat, chemicals, and electricity. Thatâs why they were widely used for years to make construction materials, automotive parts, and even textiles.
A tax expenditure program is government spending through the tax code. Tax expenditures alter the horizontal and vertical equity of the basic tax system by allowing exemptions, deductions, or credits to select groups or specific activities.
Unfortunately, the question is way more complicated than it seems. It depends on the terms of the license, and whether you're talking about GAAP accounting or tax accounting. Capital expenditures are the cost to acquire and place into service long-lived assets, like land, equipment, patents, trademarks, etc.