Common use of Inventory Accounting Clause in Contracts

Inventory Accounting. The costs of non-capital items purchased for inventory will be recoverable in the year the items have been landed in the Republic of Equatorial Guinea. The CONTRACTOR shall present two types of inventories, one for non-capital assets or articles and another for capital assets or articles.

Inventory Accounting. The costs of non-capital items purchased for -------------------- inventory will be recoverable in the year the items have been landed in the Republic of Equatorial Guinea. The CONTRACTOR shall present two types of inventories, one for non-capital assets or articles and another for capital assets or articles.