Historical Cost of Inventory
What is the Historical Cost of Inventory?
Expert
Historical Cost of Inventory: Historical cost of inventory signifies the buying cost of inventory. As per rule, we compute value of inventory on the basis of historical cost and market cost which ever will be low. For illustration, you are wholesaler you had purchased inventory at the cost of $ 100 but now, similar inventory, you and other wholesaler are purchasing on $ 90. Therefore, net realizable value is less than the historical cost. Therefore we will compute inventory at $90.
Explain how do firms with no tradable assets get free-ride from the firms whose securities are internationally tradable?
Describe about the conditions under which forward exchange rate may be an unbiased predictor of the future spot exchange rate.
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
Give some remark over the given statement: “As imports of the U.S. is more than its exports, it is essential for U.S. to import the capital from foreign countries in order to finance its current account deficits.”
What is Casting in Accounting. What is its significance?
State the Historical Cost of Liabilities?
I have worked the problem. I need to know if it is correct. If not, what I'm missing.
What are Personal accounts. Describe their types?
Compute 30-, 90-, and 180-day forward cross exchange rates between German mark and Swiss franc by utilizing the most recent quotations. Specify forward cross-rates in “German” terms.
Explain what is meant by the Representative office of any bank.
18,76,764
1949467 Asked
3,689
Active Tutors
1425893
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!