Register now or log in to join your professional community.
the utility of inventory has fallen below cost. This rule is known as the “lower-of-cost-or-market” rule. The term “market” as defined here means
A. Original cost minus allowance for obsolescence.
B. Original cost plus normal profit margin.
C. Replacement cost of the inventory.
D. Original cost minus cost to dispose.
Option C >>>>>>>>>>>>>> Replacement cost of the inventory.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.