Cumulative allocable contract costs.

(ii) Cumulative allocable contract costs. To determine a contract's completion factor for a taxable year, a taxpayer must take into account the cumulative allocable contract costs that have been incurred, as defined in 1.460-1(b)(8), through the end of the taxable year.

Source

26 CFR § 1.460-4


Scoping language

None
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