Skip to main content
Pearson+ LogoPearson+ Logo
Start typing, then use the up and down arrows to select an option from the list.

If the value of our inventory has decreased, we must evaluate whether we need to take a loss in the current period related to this decrease in value. This is common in technological industries, where products become obsolete over time.


Watch next

Master Lower of Cost or Market with a bite sized video explanation from Brian Krogol

Start learning