If a company applies the lower-of-cost-or-market rule on an aggregate basis,its write-down of inventory is likely to be greater than if it applies the rule to individual items of inventory.

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The Answer of If a company applies the lower-of-cost-or-market rule on an aggregate basis,its write-down of inventory is likely to be greater than if it applies the rule to individual items of inventory.

If a Company Applies the Lower-Of-Cost-Or-Market Rule on an Aggregate