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.