If the true replacement cost is above the ceiling and the floor, then compare _________.
Answer: Ceiling amount (designated market value) to inventory cost to apply LCM method.
If the true replacement cost is above the ceiling and the floor, then compare _________.
Answer: Ceiling amount (designated market value) to inventory cost to apply LCM method.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.