Replacement cost 9 and nrv minus a normal profit margin


Scenario:

Cost of inventory item = $15

NRV (ceiling) = $10

Replacement cost = $9

NRV minus a normal profit margin (floor) = $8

Question: What is inventory valuation under IFRS?

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Accounting Basics: Replacement cost 9 and nrv minus a normal profit margin
Reference No:- TGS02613887

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