Originally Posted by
base2
A savvy shop owner would've broke them down & sold the hoops & DT 240's at cost as customer returns rather than the whole thing as a loss. Or given it to an employee & taken the tax benefit as a charitable contribution or counted it as inventory shrinkage at full value or some other means.
Wow, three strikes in one paragraph:
1) Parting out the DT240 hubs would have been a neat trick, since the wheels didn't have DT240 hubs.
2) Giving wheels to an employee is not a charitable contribution.
3) Disposing of inventory, by any means, does not give you a deduction beyond the cost of the inventory.
Take a pill dude.