Solved: Reduction in value of inventory, Accounting Basics

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Reduction in value of inventory

Problem:

Loss of value of a current asset like inventories is a carrying cost because if there is a reduction in value of inventory then its part of the holding cost. Some inventory goes from full value to essentially zero, or lower if you have to pay disposal costs. What about seasonal inventories such as fashion, accessories etc?

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Accounting Basics: Reduction in value of inventory

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