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Find out the balance sheet inventory carrying value at December 31, 2011, assuming the LCM rule is applied to the entire inventory. Also, assuming that Decker recognizes an inventory write-down as a separate income statement item, determine the amount of the loss. (Input all amounts as positive values. Omit the "$" sign in your response.)

Inventory carrying value $
Loss from inventory write-down $
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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9409895

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