Question: a 2. Under the LCM method, the designated market value a. is always the middle value of replacement cost, net realizable value, and net realizable

a 2. Under the LCM method, the designated market value a.

a 2. Under the LCM method, the designated market value a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin. b. should always be equal to net realizable value. c. may sometimes exceed net realizable value. d. should always be equal to net realizable value less a normal profit margin

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