For inventories,market value generally means the current replacement cost.

Name: For inventories,market value generally means the current replacement cost.
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

Market value for inventories is generally taken as the current replacement cost, which means the cost that would be incurred to replace the inventory in the current market. This cost takes into account factors such as inflation, supply and demand, and availability of the item in the market. Therefore, option A is correct.

For Inventories,market Value Generally Means the Current Replacement Cost