Inventory obsolescence

SUBMITTED BY: L319A

DATE: Sept. 27, 2016, 8:09 p.m.

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  1. Inventory obsolescence ‐‐ inventory no longer salable. Perhaps there is too much on hand,
  2. perhaps it is out of fashion. The true value of the inventory is seldom exactly what is shown
  3. on the balance sheet. Often, there is unrecognized obsolescence
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