Meaning Of The Word Lower of cost or market

Real Dictionary
  1. Real Dictionary
  2. L Words Definitions
  3. Section L-224
  4. Lower of cost or market

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Lower of cost or market Meaning

Lower of cost or market Definition
Lower of cost or market Definition

What's The Definition Of Lower of cost or market?

lower of cost or market in Accounting
phrase: Lower of cost or market is a method of valuing assets where the asset is valued at either the historical cost or the fair market value, whichever is lower.

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