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Samples in periodicals archive:
75-2, Accounting Practices of Real Estate Investment Trusts, and three audit and accounting guides, Audits of Savings Institutions Audits of Finance companies (Including Independent and Captive Financing Activities of Other Companies) and Audits' of Banks, all supported carrying fore-closed assets at the lower of cost or net realizable value.
The company is continually reviewing the value of its real estate inventory in order to determine if such assets are stated at the lower of cost or net realizable value.
The Company views its investments in CMN and The Fitness Company as non-strategic and will continue to account for these investments at the lower of cost or net realizable value, pending their disposition.