Question: PROBLEM 2 Information on ABC inventories is shown below: 2019 Cost 600,000 NRV 400,000 2020 900,000 650,000 Requirement: Compute for the gain on reversal of

PROBLEM 2 Information on ABC inventories is shown below: 2019 Cost

PROBLEM 2 Information on ABC inventories is shown below: 2019 Cost 600,000 NRV 400,000 2020 900,000 650,000 Requirement: Compute for the gain on reversal of write-down to be recognized in 2020 profit or loss

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