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August 18, 2021

Inventory is a critical asset for retailers. Retail firms are at risk that their inventory will become

Business & Finance /Accounting

Inventory is a critical asset for retailers. Retail firms are at risk that their inventory will become obsolete.

What does obsolete mean?
Talk with a local retailer in your area and tell us about what they say they do to minimize this risk?
Describe how they should account for the loss from that obsolescence.

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