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Lower of Cost or Market
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Lower of Cost or Market
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5. Inventory / Lower of Cost or Market / Problem 2
Problem 2
A company estimates it can sell its inventory for \$100,000 with disposal costs of \$10,000. What is the net realizable value of the inventory?
A
\$10,000
B
\$100,000
C
\$110,000
D
\$90,000
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