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Christopher Amponsah
on Nov 30, 2024

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According to the UCC, a computer purchased by a CPA for use in her office will be classified as inventory.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across U.S. states.

Inventory

The complete list of items such as goods, materials, and merchandise that a business holds with the intent to sell.

CPA

Certified Public Accountant, a professional designation given to qualified accountants who have passed a licensing examination in their jurisdiction.

  • Understand the classification of goods under the UCC, including what constitutes inventory and equipment.
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MJ
Maryanne JulesDec 02, 2024
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