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.
This is not the case with the Greek artists. They created their art inclining more towards philosophy. These are the most important differences between the two important forms of art of the early human civilization, namely, Greek art and Egyptian art.