Why are LIFO firm’s less likely to writedown an asset compared to FIFO firm
pg193 Schweser
Because their inventory values are old, so they’re more likely to be low already.
In inflationary scenarios.
Correct; good point.
Why are LIFO firm’s less likely to writedown an asset compared to FIFO firm
pg193 Schweser
Because their inventory values are old, so they’re more likely to be low already.
In inflationary scenarios.
Correct; good point.