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

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

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

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