if-inventory-is-marked-down-from-a-historical-cost-of-75000-to-a-market-value-of

Question

If inventory is marked down from a historical cost of $75,000 to a market value of $65,000, what is the loss amount?

Accepted Answer

$10,000

Answer

$75,000

Answer

$65,000

Answer

$5,000

If inventory is marked down from a historical cost of \$75,000 to a market value of \$65,000, what is the loss amount?