HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Prev Next

42.23.211    USE OF SEPARATE ACCOUNTING METHOD

(1) In applying the separate accounting method, each item of income is segregated and directly allocated according to its source. Any expense or other deductible items, including a reasonable allowance for general overhead expenses, attributable to the earning of such income are likewise segregated and deducted from such income. Items of non-business income are to be allocated as provided for under 15-31-304 , MCA.

History: Sec. 15-31-313 and 15-31-501, MCA; IMP, Title 15, chapter 31, part 3, MCA; Eff. 12/31/72; AMD, 1992 MAR p. 1764, Eff. 8/14/92.

Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security