The inventory record of Palm Springs Ltd. shows 1,000 surf boards on stock that cost $50 each. During the last stock take, the accountant noted 100 old style surf boards with net realisable amount of $15. What journal entry would be required of Palm Springs to comply with AASB 102?
A) 
B) 
C) 
D) 
E) E: None of the given answers.
Correct Answer:
Verified
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