Is it simple to compare original cost to replacement cost? Why so or why not? Naim 22:36 Inventory Valuation of LCNRV & LCM Method Is it simple to compare original cost to replacement cost? Why so or why not? Answer: No b/c replacement cost is limited to a number that must fall somewhere b/w a range of amounts known as ceiling or floor. Learn More : Share this Share on FacebookTweet on TwitterPlus on Google+
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