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Q5. Calculate the carrying value inventory for the Red Company: Original Cost $1200 Estimated Salvage Value $1250 Estimated Selling Cost $100 Also calculate the amount
Q5. Calculate the carrying value inventory for the Red Company:
- Original Cost $1200
- Estimated Salvage Value $1250
- Estimated Selling Cost $100
Also calculate the amount of write down? Explain how write down affect the balance sheet number.
Can someone help me with this problem for the financial statement analysis course??
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