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13. Which of the following statements is true according to your book? a. Historical cost is always used to value inventor}r b. Net realizable value

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13. Which of the following statements is true according to your book? a. Historical cost is always used to value inventor}r b. Net realizable value is replacetnent cost. c. If inventory declines in value due to obsolescence, it should write down the inventory to its net realizable value. d. Net realizable value is the estimated selling price plus the costs of disposal

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