試題詳解

7. The logic behind the lower-of-cost-and-net-realizable-value rule is:
(A) Inventory gradually becomes obsolete.
(B) Inventory that is unsalable should be written down to zero (or its scrap value).
(C) An asset is not worth more than it would cost the owner to replace it.
(D) An asset is not worth more than it would be sold at its net realizable value.