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
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