In other words, how can you mathematically express if a write down is required of inventory with the LCNRV method?
Answer: cost > net realizable value = write down of inventory costs
In other words, how can you mathematically express if a write down is required of inventory with the LCNRV method?
Answer: cost > net realizable value = write down of inventory costs
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.