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How do you treat the obsolete inventory or inventory damaged

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How do you treat the obsolete inventory, inventory damaged or spoiled in GAAP? How does GAAP differ from IFRS in the accounting treatment of obsolete, damaged or spoiled inventory?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Accounting Basics: How do you treat the obsolete inventory or inventory damaged

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Accounting Basics: How do you treat the obsolete inventory or inventory damaged

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