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    Intermediate Accounting Study Set 4
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    Exam 9: Property, Plant, and Equipment and Intangible Assets: Acquisition and Disposition
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    Inventory Written Down Due to LCM May Be Written Back
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Inventory Written Down Due to LCM May Be Written Back

Question 48

Question 48

True/False

Inventory written down due to LCM may be written back up if market values increase.

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