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8. Auditors obtain the latest sales price for obsolete inventories and compare to the historical cost to see if it is lower than the historical

8. Auditors obtain the latest sales price for obsolete inventories and compare to the historical cost to see if it is lower than the historical cost. This is to test which audit objective?

Accuracy.
Realisable value.
Valuation and allocation.
Rights and obligations.
Existence.

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