Business
Business, 25.12.2020 17:40, morbidodyssey

As of December 31, 2021, Hillary company has an inventory item that was originally purchased for $80 in 2020. The inventory item was written down to its net realizable value of $60 as of December 31, 2020. As of December 31, 2021, the inventory item had a net realizable value of $75 and a replacement cost of $65. Normal profit margins for Hillary company are 20 percent. Under IFRS, what is the carrying amount of the inventory item as of December 31, 2021

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