Solved: Detrimental to car dealerships, Accounting Basics

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Detrimental to car dealerships

Problem: How might LIFO be phased out without eradicating many small businesses?

The following article discusses how a ten year phaseout would be detrimental to car dealerships. I personally believe ten years is a good time frame.

https://www.larsonallen.com/Dealerships/LIFO_Repeal_Would_Create_Huge_Tax_Increases_for_Dealerships.aspxe

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Accounting Basics: Detrimental to car dealerships

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