Sales taxes paid by the purchaser that cannot be claimed back will usually become a part of the cost of the inventory.

Name: Sales taxes paid by the purchaser that cannot be claimed back will usually become a part of the cost of the inventory.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sales taxes paid by the purchaser that cannot be claimed back will increase the cost of inventory since they are not deductible, therefore, they become a part of the cost of the inventory.

Sales Taxes Paid by the Purchaser That Cannot Be Claimed