An external auditor is trying to determine during her fieldwork if the inventory of a large brick and mortar electronics store chain (competitors to Best Buy or Circuit City) is obsolete, especially in the technology electronics product line.

What characteristics might the auditor use to help establish a model predicting if inventory is obsolete?TIP: Review the 10-K of Best Buy specifically the inventory note for additional guidance.

Adapted fromData Analytics for Accounting (Richardson, et al., 2018,p.113)