Lucy_M wrote: »
I really hate the way they word these... the only way the figures work is if you take the Completion cost away from the selling price and then choose the lowest, ie: 382, 572 and 589. I'm not convinced that question is right, if anyone else can suggest why it is I would love to hear it?! I guess NRV is selling less costs?
CeeJaySix wrote: »
In answer to the why - you can't sell it until it's completed! Therefore the NRV is what you'll eventually get for it, less what it will cost you to get it to that saleable state.