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Applying LCNRV, NeCo determines that as of December 31, 20X3, merchandise that originally cost $46,300 is now $43,500 at NRV. . 48. Early in 20X4,

Applying LCNRV, NeCo determines that as of December 31, 20X3, merchandise that originally cost $46,300 is now $43,500 at NRV. . 48. Early in 20X4, the market value of NeCo's inventory unexpectedl...

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