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#1
01-02-2019, 01:03 PM
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Question for the accountants on the board
Hello Everyone,
I have a question for the accountants on the board. I've been collecting as a hobby for many years, buying and selling to build a prewar collection. I don't have documentation for what I have paid for my cards, but now I want to use some of my collection as inventory to start a small business. What is the correct way for determining the cost of the inventory for a profit and loss statement? I appreciate any advice. Thanks, Joe 
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