CFA Level I sample question

CFA Level I Lower of Cost and NRV question

Financial Statement Analysis / Lower of Cost and NRV

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Lower of Cost and NRV sample question

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Financial Statement Analysis

Lower of Cost and NRV

Inventory cost is 4.8 million. Estimated selling price is 5.1 million, completion costs are 0.4 million, and selling costs are 0.2 million. Under IFRS lower of cost and NRV, the write-down is closest to:

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