Lower of Cost or Market

Definition:

Valuing assets for financial reporting purposes. Ordinarily, "cost" is the purchase price of the asset and "market" refers to its current replacement cost. Generally Accepted Accounting Principles (GAAP) requires that certain assets (e.g., inventories) be carried at the lower of cost or market.

Related terms:

Plan

Useful articles:

»	Ten IT Sales Myths!
»	How To Start Making Money on the Internet
»	Tolerance
»	Winning Team Presentations

Car Cost Compare

Consider all of the expenses by buying a car that will be generated by their purchase

Amortization

Calculate monthly mortgage payments quickly and easily. Displays an Amortization Table.

Marketing calc

This calculator is designed to help you estimate your return on investment from a marketing campaign

Browse by categories

Accounting	Advertising	Banking
Bankruptcy	E-Commerce	Economics
Finance	Law	Investment
Insurance	Marketing	Real estate
Statistic	Trade	Purchasing

Featured Articles:

Marketing

Can't Play the Game? Change the Rules

Recently, I sat down to play a Chutes-and-Ladders-type game with my 7 year old daughter. It was a lot of fun to see her little mind at work, but she had one annoying peculiarity: she was continuall... [ more... ]

Internet

Increase Internet Sales with Free Trials

If you're selling a product or service on the Internet, one of the best ways to increase your sales is by offering a free trial, also know as a teaser, demo or limited version. By enabling your pot... [ more... ]

Time Management

The Dangers of Multi-Tasking

While it may seem like a way to get a lot done, multi-tasking can actually result in stress, mediocre work, and a feeling of time racing by.

Sometime in the last 48 hours, if not the l... [ more... ]