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The Chip Board Archive 18

Re: Interesting answer...
In Response To: Re: Interesting answer... ()

I don't know what the accounting rules would be for estimating old inventory, but you could always "sell" the goods to your company for cash or stock. Then the goods would have an established amount as their "basis."

However, when you sell the items to your company, you personally have a taxable transaction (if you report it). I doubt this would help in the overall scheme of things.

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NCR: Dumb accounting question
Re: NCR: Dumb accounting question
Interesting answer...
Re: Interesting answer...
Re: Interesting answer...
Re: Interesting answer...
Re: NCR: Dumb accounting question
Re: NCR: Dumb accounting question
Re: NCR: Dumb accounting question
Thanks all for the info!

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