What is the maximum amount at which inventory can be valued when the goods have experienced a permanent decline in value

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Originally Posted by bent123

What is the maximum amount at which inventory can be valued when the goods have experienced a permanent decline in value

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cost. Since inventory is valued at cost or net rearisable value it is evident that the later from your question is not the answer. How ever care should be taken saince in valuing it at the max value it would be in consistent with the prudence concept.

sorry that no one has answered you question.