§ 105-134.8. Inventory.
§105‑134.8. Inventory.
Whenever, in the opinion ofthe Secretary, it is necessary in order clearly to determine the income of anytaxpayer, inventories shall be taken by the taxpayer as prescribed by theSecretary, conforming as nearly as possible to the best accounting practice inthe trade or business and most clearly reflecting the income. (1989,c. 728, s. 1.4.)