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My business has defaulted on a loan. The lender is seizing our inventory at cost. However, most of the inventory has a royalty attached to it. Can the royalty be included in the cost?
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ADR Attorney serving Houston, TX
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Paul C. VanSlyke, Senior Counsel at Hoover Slovacek LLP
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The question is one you need to ask a CPA about.
Answered on Aug 14th, 2017 at 8:15 AM