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    bent123's Avatar
    bent123 Posts: 1, Reputation: 1
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    #1

    Nov 18, 2007, 07:40 PM
    inventory value
    What is the maximum amount at which inventory can be valued when the goods have experienced a permanent decline in value
    adam hall's Avatar
    adam hall Posts: 4, Reputation: 1
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    #2

    Nov 20, 2007, 11:25 PM
    Quote 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
    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.

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