Inventory should be written down to market when its revenue-producing ability is no longer as great as its cost.

Name: Inventory should be written down to market when its revenue-producing ability is no longer as great as its cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inventory is written down to market value when its ability to generate revenue falls below its original cost, reflecting a loss in value and ensuring financial statements present a fair and realistic view of the company's assets.

Inventory Should Be Written Down to Market When Its Revenue-Producing