Dealing with groups of articles

Sometimes, as a secondhand dealer, you may buy a group of "articles" as a single item. For example, a box of miscellaneous goods or a collection of articles. If you do this, generally, you do not have to record every article individually.

However, you must separately identify every article in such a group and treat each article individually, if:

• the apparent resale value is more than $40; or
• the article has a serial number which may be used as a unique identifier.

Once you have identified any articles that are in excess of $40 or bear serial numbers, you must treat the remaining articles in the group as if they were one article. This means that you do not have to:

• individually label the remaining articles within that group;
• record the disposal of the group of articles or any individual articles within that group.