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Supplementary Problems 9.28 An item originally cost $20 and its current replacement cost is $13. Its NRV is $18 and the normal profit per unit
Supplementary Problems 9.28 An item originally cost $20 and its current replacement cost is $13. Its NRV is $18 and the normal profit per unit is $3. (a) Determine designated market value. (b) Determine the value to be assigned to the item. (c) Assume the same information as above except that original cost was $14. Determine the value to be assigned to the item
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