When should ending inventory be written down below its acquisition cost on the balance sheet? a. When
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When should ending inventory be written down below its acquisition cost on the balance sheet?
a. When units are damaged, physically deteriorated, or obsolete.
b. When the inventory's net realizable value exceeds its acquisition cost.
c. When the inventory's net realizable value is below its acquisition cost.
d. Both \(\mathrm{a}\) and \(\mathrm{c}\).
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