Novice Co purchased goods for $2500. While on display, the goods were damaged and it is estimated that they can now only be sold for $1800. Additional marketing and distribution costs are $200. The net realisable value of the goods is:

Question

Quizplus · Accepted Answer

The net realisable value is calculated as the estimated selling price ($1800) minus any additional costs to sell (in this case, $200), which equals $1600.

Novice Co Purchased Goods for $2500