Choose the response that correctly describes how a qualifying small business taxpayer can deduct the cost of their inventory

A. They may deduct the cost as soon as the materials are purchased, even if the product remains unsold at the end of they year

B. They may report the cost as depreciation on Schedule C ( Form ) line 13

C. They may deduct the cost of inventory that is sold during the tax year, as non-incidental materials and supplies

D. They may deduct the cost in the manner used for their books and records but only after receiving IRS approval