Valuing example sentences

The valuing of assets at cost less depreciation principle for balance sheet purposes is followed.In valuing inventory, cost or market value, whichever is less is being followed.To illustrate, valuing closing stock at cost or market value whichever is lower; creating provision for doubtful debts, discount on debtors; writing of intangible assets like goodwill, patents, etc.The convention of valuing inventory at cost or market price, whichever is lower, is followed.