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When applying the lower-of-cost-or-net-realizable-value rule to inventory valuation, net realizable value refers to original cost, less physical deterioration. O current replacement cost. estimated selling price
When applying the lower-of-cost-or-net-realizable-value rule to inventory valuation, net realizable value refers to original cost, less physical deterioration. O current replacement cost. estimated selling price less cost to complete and sell. O original cost. Click if you would like to Show Work for this question: Open Show Work
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