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  • The inventories are recorded at the latest price but the production cost is changed old cost price? #791
  • Which one of the following methods for inventory valuation may be misleading when the units are identical? #792
  • During September, Khan had sales of 148,000, which made a gross profit of 40,000. Purchases amounted to 100,000 and opening inventory was 34,000. The value of closing inventory was? #793
  • How do we describe the process of adjusting the value of an asset by recognizing that it is consumed in a way that does not completely eliminate the resource? #794
  • If the estimated amount of depreciation on equipment for a period is Rs. 2,000, the adjusting entry to record depreciation would be? #795
  • Which one of the following most closely defines 'Amortization'? #796
  • Book value = cost minus _____________? #797
  • What is process called, where costs of the natural resources are allocated over its useful life? #798
  • Depreciation arises due to? #799
  • А machine that cost Rs. 120,000 has accumulated depreciation of Rs. 50,000. The book value of machine is? #800
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