The net realizable value of the inventory as of December 31, year 2, according to IFRS is <u>$75</u>.
<h3>What is net realizable value under IFRS?</h3>
Under the IFRS, inventories should be stated at the lower of cost and net realizable value. The net realizable value equals the selling price less the estimated costs of sale.
<h3>Data and Calculations:</h3>
Inventory purchase cost = $80
Net realizable value in year 1 = $60
Net realizable value in year 2 = $75
Replacement cost = $65
Normal profit margins = 20%
Thus, the net realizable value of the inventory as of December 31, year 2, according to IFRS is <u>$75</u>.
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Answer:
- The presence of a duty. We all have a duty to take steps to prevent injury from occurring to other people.
- The breach of a duty. The defendant must have failed to live up to his duty to prevent injury from occurring to you.
- An injury. You were injured.
- The injury resulted from the breach.
Explanation:
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Answer:
A, B, and D are the answers
Explanation: