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If the market price of a good drops below the purchase price, the lower of cost or market method of valuation is recommended. This method allows declines in inventory value to be offset against income of the period. When goods are damaged or obsolete, and can only be sold for below purchase prices, they should be recorded at net realizable value.
[2] [3] In the lower of cost or market approach, companies must determine these three values and find the median of the values. The companies then compare the median value, which is called the designated market value, to the inventory cost that is recorded. The lower of these two values is subsequently reported on the balance sheet. [2]
Net realizable value is generally equal to the selling price of the inventory goods less the selling costs (completion and disposal). Therefore, it is expected sales price less selling costs (e.g. repair and disposal costs). NRV prevents overstating or understating of an assets value. [1] NRV is the price cap when using the Lower of Cost or ...
The particular take-off distance required may be shorter than the available runway length. In this case a lower thrust may be used. Lower thrust settings increase engine life and reduce maintenance costs. The take-off thrust available from a civil engine is a constant value up to a particular ambient temperature.
So bulk buying, movement and storing brings in economies of scale, thus inventory. Appreciation in value: In some situations, some stock gains the required value when it is kept for some time to allow it reach the desired standard for consumption, or for production. For example, beer in the brewing industry.
Aircraft engine performance refers to factors including thrust or shaft power for fuel consumed, weight, cost, outside dimensions and life. It includes meeting regulated environmental limits which apply to emissions of noise and chemical pollutants, and regulated safety aspects which require a design that can safely tolerate environmental hazards such as birds, rain, hail and icing conditions.
Engine Origin Designer Vehicle Status Use Propellant Power cycle Specific impulse (s) [a] Thrust (N) [a] Chamber pressure (bar) Mass (kg) Thrust: weight ratio [b] Oxidiser: fuel ratio
The nominal net thrust quoted for a jet engine usually refers to the Sea Level Static (SLS) condition, either for the International Standard Atmosphere (ISA) or a hot day condition (e.g. ISA+10 °C). As an example, the GE90-76B has a take-off static thrust of 76,000 lbf (360 kN) at SLS, ISA+15 °C.