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

译员Matthew，毕业于英国顶尖的高级翻译学院，专注翻译各种与争议解决有关的法律文件。