The most meaningful method of determining the value of an existing business's inventory is its book value.

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The book value of inventory is simply the cost of the inventory items that have not yet been sold. However, the true value of inventory may be higher or lower than its book value due to factors such as market demand, obsolescence, and fluctuations in the cost of raw materials. Other methods of determining inventory value, such as market value or replacement cost, may provide a more accurate representation of the inventory's worth.

The Most Meaningful Method of Determining the Value of an Existing