The entrepreneur and the business corporation are obliged

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Securities, raw materials, goods intended for sale, or which constitute products or articles of the company's industry or commerce, may be estimated at the acquisition or manufacturing cost, or at the current price, whenever this is lower than the cost price, and when the current or market price is above the acquisition or manufacturing cost, and the goods are valued at the current price, the difference between this and the cost price will not be taken into account for the distribution of profits, nor for the percentages relating to reserve funds;

III – the value of shares and fixed income securities may be determined based on their respective stock exchange quotations; unlisted shares and non-shareholdings will be considered at their acquisition value;

IV – credits will be considered in accordance with the bulk sms argentina presumed realizable value, without taking into account those that are prescribed or difficult to liquidate, unless there is an equivalent provision for the latter.

Sole paragraph. The values ​​of the asset may include, provided that they are amortized annually:

I – the expenses of setting up the company, up to the limit corresponding to ten percent of the share capital;

II – interest paid to shareholders of the corporation, in the period prior to the start of corporate operations, at a rate not exceeding twelve percent per year, as set out in the bylaws;

III – the amount actually paid as provision for the establishment acquired by the entrepreneur or company.