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What would be the market value

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Q1. Widgets were noted to have a Cost of $60, Replacement Cost of $50, NRV of $70 and a projected margin of 10%. What would be the MARKET value?

a) $60

b) $50

c) $70

d) $63

Q2. Given the facts of #1, what would be the ending value reported on the financial statement?

a) $60

b) $50

c) $70

d) $63

Reference no: EM133072190

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