Some industries require presenting certain assets by capturing all the costs associated with it on the balance sheet. This is really common in real estate construction, manufacturing, and agriculture. Costs to produce the inventory items need to be analyzed and captured and reported in a specific way. For tax, the entity may or may not be able to report on a cash basis. They may or may not also be subject to Section 263A. Whether you need financials to be presented under GAAP or want to deduct certain costs under the IRC, we can help you in the preparation of these reports.

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