Question: Appropriate control over obsolete materials requires that they be Retained within the regular storage area. Carried at cost in the accounting records until the actual
Appropriate control over obsolete materials requires that they be
Retained within the regular storage area.
Carried at cost in the accounting records until the actual disposition takes place.
Determined by an approved authority to be unusable for their normal purposes.
Sorted, treated, and packaged before disposition in order to obtain the best selling price.
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