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Isn't remaindering for books a function of a change in the tax laws?
AIUI, time was that one could defer any payment of tax on unsold inventory until such time as the item was sold --- this was changed in the late 70s or early 80s requiring taxing of the inventory each year.
I distinctly remember a news article about Librarian associations picketing Congress over this --- any accountants care to weigh in w/ facts?
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