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If a unit of inventory has declined in value below original cost, but the market value exceeds net realizable value, the amount to be used
If a unit of inventory has declined in value below original cost, but the market value exceeds net realizable value, the amount to be used for purposes of inventory valuation is
net realizable value. | ||
net realizable value less a normal profit margin | ||
market value. | ||
original cost. |
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