The cost of Garmin Corp.'s inventory at the end of the year was $85,000;however,due to obsolescence,the cost to replace the inventory was only $65,000.What is the effect on the accounting equation of the adjustment needed to write down the inventory?

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The Answer of The cost of Garmin Corp.'s inventory at the end of the year was $85,000;however,due to obsolescence,the cost to replace the inventory was only $65,000.What is the effect on the accounting equation of the adjustment needed to write down the inventory?

The Cost of Garmin Corp