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This Year, Yuan Started a Business Selling Computer Parts Both

Question 16

Multiple Choice

This year, Yuan started a business selling computer parts both in-store and online. He purchased via credit card, $60,000 of goods during the year. His ending inventory was $9,000. For tax purposes, Yuan adopted the cash method and the treatment of inventory as deductible when purchased per his books. His deduction for inventory for the year is:


A) $51,000.
B) $60,000.
C) $69,000.
D) None of the above.

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