At the end of the 20X7 reporting period, Justice Supply Entity has the original cost of legal paper recorded as inventory at $69,000. However, its net realizable value is $65,000. What should Justice Supply Entity do?

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The Answer of At the end of the 20X7 reporting period, Justice Supply Entity has the original cost of legal paper recorded as inventory at $69,000. However, its net realizable value is $65,000. What should Justice Supply Entity do?

At the End of the 20X7 Reporting Period, Justice Supply