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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (45829)4/24/2001 2:00:21 AM
From: 10K a day  Respond to of 70976
 
Well,,, an alternative is to hire an arsonist,,, and have a warehouse fire...



To: StanX Long who wrote (45829)4/24/2001 3:48:15 AM
From: Math Junkie  Respond to of 70976
 
I'm pretty sure that if Cisco ends up selling previously written-off inventory then they do not get to "re-use" their losses. They only get to deduct cost-of-goods-sold once: either when they write off the inventory or when they sell it. They can't do both.

The IRS is many things, but they are not stupid.


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