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Business, 31.03.2020 18:57 iseestars3748

Eric's Used Book Store prepares its financial statements in accordance with IFRS. Inventory was purchased for €6 million and later marked down to €4 million. One of the books, however, was later discovered to be a rare collectible item, and the inventory is now worth an estimated €7 million. The inventory is most likely reported on the balance sheet at:

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