Calculation of liquidation income is as follows:
Inventory liquidation revenue - Inventory liquidation cost ＝ Inventory liquidation profit/loss
Non-inventory asset liquidation profit ＋ Profit from liability payoff ＋ Assessed residual asset profit after liquidation ＋ Other profits ＝ Liquidation profit 
Non-inventory asset liquidation loss ＋ Creditor's right collection loss ＋ Assessed asset Loss after liquidation ＋ Liquidation expenses ＋ Other Losses ＝ Liquidation loss
Inventory liquidation profit/loss ＋ Liquidation profit - Liquidation loss ＝ Liquidation income or loss
Liquidation income - Approved amount of loss incurred in past years that is deductible according to law - Various profits not counted as income according to law - Various income exempted from tax according to law ＝ Taxable income for liquidation
Article 31 regarding calculation of related costs of goods sold is applicable to calculation of the inventory liquidation cost as stated in the preceding paragraph.