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Is my microphone sale considered revenue to my business?
Published February 11, 2011
Question by Theguywhoneedstaxadviceplease!!!: Is my microphone sale considered revenue to my business?
I own a songwriting and music production company as a SP. “The company” purchased a microphone this year and decided we didn’t want it, so I sold it on eBay. Is the sale of the microphone considered income to the business even though we’re not in the business of selling goods?
Best answer:
Answer by tro
did you expense it when it was purchased? if so, yes
Give your answer to this question below!
Posted in Music Contract Information | Tagged business, considered, microphone, revenue, Sale