If the true replacement cost is below the ceiling and the floor, then compare _________.
Answer: floor amount (designated market value) to inventory cost to apply LCM method.
If the true replacement cost is below the ceiling and the floor, then compare _________.
Answer: floor 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.