I started an online store for used and rare books this year (2021) but purchased a lot of inventory to stock my sight in 2020. is this considered a startup cost?
02833
2 Replies
Mike9241
Level 15
Jun 15, 2021 7:32:45 PM
No.
Hal_Al
Level 15
Jun 17, 2021 8:31:27 AM
Inventory is a special category and is used to determine cost of goods sold (COGS).