if-inventory-is-marked-down-from-a-historical-cost-of-95000-to-a-market-value-of

Question

If inventory is marked down from a historical cost of $95,000 to a market value of $85,000, what is the loss amount?

Accepted Answer

$10,000

Answer

$5,000

Answer

$85,000

Answer

$95,000

If inventory is marked down from a historical cost of \$95,000 to a market value of \$85,000, what is the loss amount?