The cost is still $50, and the cost to prepare it for sale is $20, so the net realizable value is $45 ($115 market value - $50 cost - $20 completion cost). Since the net realizable value of $45 is lower than the cost of $50, you should record a loss of $5 on the inventory item, thereby reducing its recorded cost to $45.
Scenes in Art. The Nile River often influenced the content of Egyptian art. A boat with many oars was a common scene in Predynastic art, but scenes involving hunting or vegetation along the Nile were depicted in art across many periods.
The Top 10 Egyptian Contemporary Artists. Following the 25 January Egyptian Revolution came a deluge of street art. No longer was public expression under the thumb of the oppressive Ministry of Culture. Instead, political, cultural, and social expression took the form of bold designs and striking colours, adorning Cairoâs walls and buildings.