Question: A company manufactures specialized electronic components for a rapidly evolving industry. They have a significant inventory of a component ( costing $ 1 . 3

A company manufactures specialized electronic components for a rapidly evolving industry. They have a significant inventory of a component (costing $1.3 million) that is on the verge of becoming obsolete due to technological advancements. The company estimates they could sell the existing inventory at a 40% discount, incur additional rework costs of $150,000 for limited sales, or scrap the inventory entirely with a disposal cost of $50,000.
Calculate the net realizable value of the inventory.
Determine the amount of inventory write-down necessary.
Prepare the journal entries to record the write-down and any subsequent sale or disposal.
Discuss the qualitative factors the company should consider beyond the financial calculations.
Kindly do not provide chat gpt answers, posting this question 3rd time here. If feel the question is from chatgpt and copied from any other source,
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