William is a sole proprietor who sells widgets he crafts on a 3-D printer. Which of the following costs is included in his cost of goods sold? Payments to an outside contractor who diagnoses and fixes technical difficulties when the printer breaks down. Cost of plastic used to make the widgets. Payments to the graphic artist who designed the logo for his website. Cost of obtaining a patent for the Useful Widget 3.0.

William is a sole proprietor who sells widgets he crafts on a 3-D printer. Which of the following costs is included in his cost of goods sold? Payments to an outside contractor who diagnoses and fixes technical difficulties when the printer breaks down. Cost of plastic used to make the widgets. Payments to the graphic artist who designed the logo for his website. Cost of obtaining a patent for the Useful Widget 3.0.

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter3: Business Income And Expenses

Section: Chapter Questions

Problem 6MCQ

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