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In the past few weeks, a steady stream of tech companies has been writing off millions or even billions of dollars worth of inventory -- both parts and finished products -- that has declined in value.
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www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/05/08/BU...
www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/05/08/BU54900.DTL
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Maybe I should write off the obsolete inventory over a few years? <---- There is no picking and choosing as to what year you do the write-off, it is evaluated and done every year as indicated by the inventory costing records.
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www.taxalmanac.org/index.php/Discussion:How_to_Write_Of...
www.taxalmanac.org/index.php/Discussion:How_to_Write_Off_Obsolete_Inventory
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Also in the article, JDS Uniphase said it will write off $250 million of its inventory but promised to disclose any future sale. On the other hand, Micron Technology, which wrote down $260 million, won't disclose any future sale.
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www.brainmass.com/homework-help/business/accounting-bus...
www.brainmass.com/homework-help/business/accounting-business-analysis-financial-reporting/70906
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For example, if a company routinely loses fresh inventory due to a short shelf-life or time-sensitive material, it makes sense to charge-off the expected amount of recurring loss each year to the income account.
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www.numeraire.com/value_board/messages/44.html
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PEOPLE ARE ALWAYS wondering whether they can deduct certain items from their taxes — like red wine as a health-related expense (nice try). The most common question: whether they can write off their car as a business expense. ... taxes: Writing Off Your Car Expenses...
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www.smsmallbiz.com/taxes/Writing_Off_Your_Car_Expenses....
www.smsmallbiz.com/taxes/Writing_Off_Your_Car_Expenses.html
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Writing off obsolete equipment and inventory can reduce your income and save you money at tax time. ... Writing Off and Writing Down Obsolete Equipment and Inventory Can Save on Taxes...
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biztaxlaw.about.com/od/businesstaxseason/ss/yearendtaxp...
biztaxlaw.about.com/od/businesstaxseason/ss/yearendtaxplan_5.htm
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The best thing about writing off your moving expenses is that the deduction is taken "above the line," meaning you don't have to worry about all those itemized deduction phaseout rules that can quickly dash your hopes of a big tax refund.
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www.smartmoney.com/personal-finance/taxes/writing-off-m...
www.smartmoney.com/personal-finance/taxes/writing-off-moving-expenses-9565/
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He writes off the car as a tax deduction. Your first thought is usually, ?That can?t be right.? Your second thought is, ?I got to figure out how to enjoy that loophole.? But what does the law say? And what are the rules for writing off vehicles? ... Writing Off Vehicles As Tax Deductions...
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www.roseindia.net/articles/writing-off-vehicles.page
www.roseindia.net/articles/writing-off-vehicles.page
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Write-Off - Definition of Write-Off on Investopedia - A reduction in the value of an asset or earnings by the amount of an expense or loss. Companies are able to write off ... What Does Write-Off Mean?; A reduction in the value of an asset or earnings by the amount of an expense or loss.
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www.investopedia.com/terms/w/write-off.asp
www.investopedia.com/terms/w/write-off.asp
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