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the question :
Calculate the asset value of Small Co using net realisable value basis (to the nearest of $000s).information given :
NCA $1,275,000 [(1275-250)*80%]
Inventory $280,000 [280+40-20]
Receivable : $520,000 [520*90%]goodwill $250,000 , other non-current assets are considered worth 80% of their book values
Inventory : obsolescence provision of $40,000 , brought down $20,000
The receivables are expected to yield 90% of their book-value.the calculation for NRV = NCA+INV+REC = 820+300+468 = $1,588,000
but the answer given is $468,000my question is do i understand the question correctly or the answer given is wrong?
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