Question: When inventory permanently declines to a value lower than its original (historical) cost, what is the maximum value the inventory can be assigned? OHistorical cost

When inventory permanently declines to a value lower than its original

When inventory permanently declines to a value lower than its original (historical) cost, what is the maximum value the inventory can be assigned? OHistorical cost Net realizable value reduced by a normal profit margin Net realizable value Sales price

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