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re: Dick's Sporting Goods Is Destroying Its Unsold Assault-Style Rifles

Posted on 4/18/18 at 3:00 pm to
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134887 posts
Posted on 4/18/18 at 3:00 pm to
quote:

That's going to be a nice tax write off for them for FY2018, may even counterbalance the stock price drop from the negative press.



You can write off the deliberate destruction of your own inventory?
Posted by Steadyhands
Slightly above I-10
Member since May 2016
6819 posts
Posted on 4/18/18 at 3:03 pm to
quote:

quote:
That's going to be a nice tax write off for them for FY2018, may even counterbalance the stock price drop from the negative press.


You can write off the deliberate destruction of your own inventory?


I believe that was just a poor troll attempt... because the answer is no.
Posted by DirtyMikeandtheBoys
Member since May 2011
19429 posts
Posted on 4/18/18 at 3:17 pm to
Yep, and couple it with an insurance claim.

Dicks: "Inventory was destroyed and lost by a natural disaster."

Insurance Adjuster: "What natural disaster, sir?"

Dick's: "Political climate change"
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