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Journal entryIntermediateVariant — group VG.IAS2.000309Published

Question · Write-down to net realisable value

At the reporting date, Lunetterie Opaline holds frames from a collection that has become obsolete, with a cost of 36,000. Their net realisable value, estimated from clearance prices, is 21,000. Record the write-down entry.

Cost of the frames
36,000
Net realisable value
21,000
Your answer
  1. Line 1

    Account Inventory write-down expense

  2. Line 2

    Account Inventories

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