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Required information

Part $1$ of $2$

$[$The following information applies to the questions displayed below.$]$

During fiscal $2014,$ Respberry, Incorporation wrote down its RB$10$ smartphone inventory by approximately $$1,707,000,000$

because its cost exceeded its net realizable value.

Required:

Complete the table below, indicating the account, amount, and direction and show the effects for the above adjustment. $($Enter any decreases to account balances with a minus sign.$)$

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References