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NEW QUESTION: 1
Inventory can be written down to the lower of cost or market value if its value declines due to:
I). obsolescence.
II). price-level changes.
III). damage.
IV). any reason.
A. I, II, III, IV.
B. I and III only.
C. I and II only.
Answer: A
Explanation:
The inventory should be written down to reflect the loss if its value declines below its original cost for whatever the reason.

NEW QUESTION: 2
Which one of the following is an Objective of Data Center Fire Protection?
A. Depression
B. Representation
C. Information
D. Suppression
Answer: D

NEW QUESTION: 3
Which type of software is most likely to be reviewed by the most personnel, with the most varied perspectives?
Response:
A. Secure software
B. Database management software
C. Open source software
D. Proprietary software
Answer: C