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.
Similar Art for Over 3000 Years. The civilization of Ancient Egypt ruled the land of the Nile for over 3000 years. Surprisingly enough, their art changed little during that time. The original style of art was first used in 3000 B.C. and the most respected artists continued to copy these styles for the next 3000 years.Religion and Art. Much of the artwork created by the Ancient Egyptians had to do with their religion.They would fill the tombs of the Pharaohs with paintings and sculptures. Much of this artwork was there to help the Pharaohs in the afterlife. Temples were another popular place for art.he original style of art was first used in 3000 B.C. and the most respected artists continued to copy these styles for the next 3000 years. Religion and Art. Much of the artwork created by the Ancient Egyptians had to do with their religion. They would fill the tombs of the Pharaohs with paintings and sculptures.