If obsolete or damaged goods can be sold, they will be included in inventory at their net realizable value.

Name: If obsolete or damaged goods can be sold, they will be included in inventory at their net realizable value.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

Obsolete or damaged goods may still have some value and can be sold, so they should be included in inventory at their net realizable value (the estimated selling price less any additional costs necessary to make the sale).

If Obsolete or Damaged Goods Can Be Sold, They Will