Posted by tim in It wouldn't fit in any other category... on January 31, 2006
While I was waiting for my laser printer to warm up to print my forms, I got to thinking...
Consider a software development firm, or a computer graphics firm... The computers and software that they use to create their product is considered equipment. The product is a non-tangible good, so do they have to claim it as inventory on the business taxes?
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I don't think the ending product counts as anything, because it's worth nothing except the person requesting it. Since it's so specialized and intangible.
That's my opinion on how it'd work, which we all know either is or should be fact.
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