Dick's Sporting Goods destroyed $5 million worth of assault rifles, CEO Ed Stack says

Mike Overlay said:
This is what I think is true in the end

https://mksh.com/obsolete-inventory-book-vs-tax-write-off/

. Destroying it – This is typically the last approach you would take. The deductions associated are more minimal than if the previous 2 approaches are taken. In addition, the IRS requires you to document the before and after of the inventory that is destroyed.
Click to expand...
Also can write off the labor used in the destruction of assets and the cost of disposal whether recycled or landfill - creative accountants will twist the books in the grey zone treatment of expenses.
 
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