a-company-has-inventory-with-a-cost-of-100000-the-replacement-cost-is-90000-and-

Question

A company has inventory with a cost of $100,000. The replacement cost is $90,000, and the net realizable value is $95,000. What is the inventory value under GAAP?

Accepted Answer

$90,000

Answer

$100,000

Answer

$85,000

Answer

$95,000

A company has inventory with a cost of \$100,000. The replacement cost is \$90,000, and the net realizable value is \$95,000. What is the inventory value under GAAP?