Net realisable value (NRV)
Estimated selling price less costs to complete and sell.
The estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale.
Passende Übungsfragen
☝️ Single
Under IAS 2 Inventories, at what amount should inventory normally be measured at the reporting date?
The higher of cost and net realisable value
Selling price less a normal profit margin
The lower of cost and net realisable value
Replacement cost at the reporting date
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