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.
They also crafted fine gold, silver, and ivory jewelry, using filigree and granulation. The influence of Etruscan art on the Romans was supreme from the 6th century BC until the ascendancy of Greek styles in the 3rd century BC. See also Greek Art and Architecture; Roman Art and Architecture. Etruscan art reveals its relation to that of the Greeks, (in both Greece and southern Italy) and to that of Egypt and Asia Minor. It also exhibits Italian elements and reflects distinctively Etruscan religious beliefs. Etruscan art had great influence on subsequent Roman styles.