For tax purposes, inventories can be valued at aggregate market, which can mean replacement cost or net realizable value.

Name: For tax purposes, inventories can be valued at aggregate market, which can mean replacement cost or net realizable value.
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Inventories can be valued at aggregate market, which can mean replacement cost or net realizable value, for tax purposes according to generally accepted accounting principles.

For Tax Purposes, Inventories Can Be Valued at Aggregate Market