Question: When inventory declines in value below original (historical) cost, and this decline is considered other than temporary, what is the maximum amount that the inventory

When inventory declines in value below original (historical) cost, and this

When inventory declines in value below original (historical) cost, and this decline is considered other than temporary, what is the maximum amount that the inventory can be valued at? able net realizable value O selling price O historical cost O net realizable value reduced by a normal profit margin

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