liquidation of LIFO layers

Definition

A company will relinquish inventory that has been deemed unusable using the LIFO method. By doing this, the company is able to reduce costs and achieve a lower tax rate.

Related Videos




http://www.businessdictionary.com/definition/liquidation-of-LIFO-layers.html

Today's Top Bulls

72% Bullish
(36 Votes)
70% Bullish
(103 Votes)
69% Bullish
(26 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z