Solved: During its second and third quarters of fiscal 2014, Accounting Basics

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During its second and third quarters of fiscal 2014

During its second and third quarters of fiscal 2014, BlackBerry Limited wrote down its BB10 smart phone inventory by approximately $ 1,700,000,000 because its cost exceeded its market value. Show the effects of this adjustment on the accounting equation and show the journal entry that the company would have made to record it.

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Accounting Basics: During its second and third quarters of fiscal 2014

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