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Lira had valued the previous year's stock at cost value at $ 8 8 , 0 0 0 . At 3 0 June of the

Lira had valued the previous year's stock at cost value at $88,000. At 30 June of the current income year, closing stock valued at cost is $120,000, at market selling value of $115,000 and replacement value of $122,000. Lira wished to minimise her taxable income for the current year, her closing stock for the current year should be:

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