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Re: loanranger post# 38569

Tuesday, 11/29/2016 1:42:40 PM

Tuesday, November 29, 2016 1:42:40 PM

Post# of 97213
This is a standard practice for obsolete inventory. Take a look at some other examples. You can write it off as you give a low probability of sale but you still try to market them in geographies where the rules are not as stringent. When you sell, you record a "gain on sale of obsolete inventory". You and the other ID, need to look at accounting books a little.
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