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.
Best Answer: The presence of the Nile River and the Nile River Valley in Ancient Egypt greatly influenced the culture of its people. The ancient Egyptians began with small settlements around the Nile River and were able to make permanent settlements only because of the presence of the Nile.As the Egyptian civilization grew, it became even more dependent on the Nile and itsâ role in their economy.est Answer: The presence of the Nile River and the Nile River Valley in Ancient Egypt greatly influenced the culture of its people. The ancient Egyptians began with small settlements around the Nile River and were able to make permanent settlements only because of the presence of the Nile.