Inventory carrying cost is the total of all expenses related to storing unsold goods. The total includes intangibles like depreciation and lost opportunity cost as well as warehousing costs. A business’ inventory carrying costs will generally total about 20% to 30% of its total inventory costs. How should inventory carryingRead More →
You may deduct the fair market value for the inventory from your taxes following the donation. Inventory receipts signed by the charity and your business will document the transaction. The IRS offers additional tax breaks if the donated inventory is used directly to care for the ill, the needy orRead More →
Stocks are financial assets, not real assets. Financial assets are paper assets that can be easily converted to cash. Real assets are tangible and therefore have intrinsic value. … An asset is something owned by an entity, such as an individual or business, that has value and can be usedRead More →