When using the LCM rule in Canada the market value is most commonly:
A)net present value.
B)selling price less profit margin.
C)replacement cost.
D)net realizable value.

Name: When using the LCM rule in Canada the market value is most commonly: A)net present value. B)selling price less profit margin. C)replacement cost. D)net realizable value.
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Question

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The market value is most commonly considered to be the net realizable value when using the Lower of Cost or Market (LCM) rule in Canada.

When Using the LCM Rule in Canada the Market Value