The class of assets that is to be valued at lower than cost or net realisable value is:
A)non-current assets.
B)trade receivables.
C)self-generating and regenerating assets.
D)inventories.

Question

Quizplus · Accepted Answer

Inventories are typically valued at lower than cost or net realisable value in order to account for potential obsolescence, damage, or other factors that may impact their overall value. Non-current assets, trade receivables, and self-generating and regenerating assets are not typically valued at a lower amount than their original costs.

The Class of Assets That Is to Be Valued at Lower