Dupré holds inventories with a cost of 100,000, recorded at 90,000 euros at the rate of 0.90 euro. At the closing date their net realisable value is 98,000 and the closing rate is 0.88 euro. Reminder of the standard: the cost is translated at the rate of its recording date and the net realisable value at the closing rate, before the comparison in euros. Calculate the lower of the two amounts and the write-down to recognise.
- Cost of inventories in dollars
- 100,000
- Net realisable value in dollars
- 98,000