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Whether spares can be accounted at actual price instead of weighted average cost or FIFO method

Nithya Arun's Profile

Answers

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

As I read your question:

Since spares are depreciated, they logically should be recorded at cost.

If you are not capitalizing them, then its inventory and you can do as you wish (per GAAP of course).

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