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.
Egyptian artists used a wide array of materials, both local and imported, from very early in their history. For instance, already in the Predynastic period we find figurines carved from lapis lazuliâa lustrous blue stone that originates in what is now Afghanistan and indicates the early presence of robust trade routes.