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Dear Sir/Madam,
I do not purchase goods for resale. However, I do purchase machines and tools (sandpaper, etc.) with which I create goods. I have invested heavily here so that I will be set for the coming years. But I don’t think this counts as inventory because I don’t sell it? The wood I use to make spoons is free. So this has no impact on my inventory?
It would be a huge help if someone could solve this.
Many thanks