Traditional Culture Encyclopedia - Traditional culture - Difference of Inventory Depreciation Reserve between Old and New Accounting Standards
Difference of Inventory Depreciation Reserve between Old and New Accounting Standards
Inventory is called "impairment provision".
This has not changed much under the old and new standards, and it is determined by "which is lower, cost or net realizable value".
Debit account, under the old standard, included in the "management fee"; Under the new standards, it is included in the "asset impairment loss".
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