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Showing 1–2 of 2 articles for “capital expenditure”

When Advertising Costs Become Capital Expenditures: Lessons from CIR v. General Foods

Philippine Supreme Court ruling on when large advertising expenses are deductible business costs or capital outlays for goodwill.

When Advertising Costs Become Capital Expenditures: Lessons from Commissioner of Internal Revenue v. General F

Supreme Court ruling on when media advertising expenses are deductible business expenses or capital outlays for goodwill.