Sir, for Dec 2018 Q1
Why the inventory will suffer the exchange loss($80/5-$80m/6) while its non-monetary asset that should not be remeasured using the closing rate?
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Moyes
6y ago#1Non-monetary assets are normally measured at the historic rate.
However if the non-monetary assets is revalued you should use the exchange rate at the date of the valuation.
So there will be an exchange difference
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