Recent developments have made much of a company s inventory obsolete. This obsolete inventory should be

Shown in the Balance Sheet at its replacement cost

Written down to zero or its scrap value

Shown in the Balance Sheet at cost, but classified as a non-current asset

Carried in the accounting records at cost until it is sold

Recent developments have made much of a company s inventory obsolete.

1.	Recent developments have made much of a company s inventory obsolete. This obsolete inventory should be
A.	Written down to zero or its scrap value
B.	Shown in the Balance Sheet at its replacement cost
C.	Shown in the Balance Sheet at cost, but classified as a non-current asset
D.	Carried in the accounting records at cost until it is sold
Answer» B. Shown in the Balance Sheet at its replacement cost