lower of cost or market method

lower-of-cost-or-market method. A means of pricing or costing inventory by which inventory value is set at either acquisition cost or market cost, whichever is lower. [Cases: Internal Revenue 3105.

1. C.J.S. Internal Revenue §§ 27–29, 31–33.]

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词条贡献者

双语律师Jenna，国际知名法学院环境法专业，擅长翻译各类与环境、社会及管治 (ESG)相关的法律文件。