Nolan Penny wrote: You can write off or depreciate equipment, not inventory
Perhaps you can't depreciate inventory in the US, but you can in most of western Europe. So that we can all be 'harmonised' with what the bean-counters in Brussels is the best for everyone (namely themselves) the depreciation is usually based on movement frequency. One or more moves in a year - in or out, zero depreciation. It remains as 'current' stock No moves after first rolling twelve months - say 30% No moves after second rolling twelve months - say another 30% No moves after third rolling twelve months - write-off residual balance owing As for 'inventory tax' - bank interest and stockholding costs seem suitable alternative names Jonmac /// [EMAIL PROTECTED] mailing list /// Send admin requests to [EMAIL PROTECTED] /// or try http://www.team.net/cgi-bin/majorcool /// Archives at http://www.team.net/archive /// Send list postings to [EMAIL PROTECTED] /// Edit your replies! If they include this trailer, they will NOT be sent.
