3 ms·
No it is not. Inventory, for example, can have two basis values, taxable inventory, and fixed asset inventory value. One is what the IRS requires via GAAP repor
by trboyden 6y ago
No it is not. Inventory, for example, can have two basis values, taxable inventory, and fixed asset inventory value. One is what the IRS requires via GAAP reporting, and the other is used to secure lines of credit.