Question
Inventory Information: Historical Cost $50,000 Replacement Cost $42,000 Net realizable value less normal profit $37,000 Estimated Selling Price $65,000 Estimated costs of complete $12,000 Estimated
Inventory Information:
Historical Cost $50,000
Replacement Cost $42,000
Net realizable value less normal profit $37,000
Estimated Selling Price $65,000
Estimated costs of complete $12,000
Estimated cost to make sell $6,000
According to IFRS, what dollar amount should be written down for decline in inventory value? SHOW YOUR WORK
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CISA Certified Information Systems Auditor All In One Exam Guide
Authors: Peter H. Gregory
4th Edition
1260458806, 978-1260458800
