Home Depot vs. Ace Hardware
Inventory Valuation

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Home Depot
Ace Hardware
Revenue Recognition
Inventory Valuation
Investment Securities
Derivative Instruments
Presentation of Comprehensive Income
Stock Option Plan
Financial Ratios
Summary of Financial Ratios

Home Depot
Merchandise Inventories Inventories are stated at the lower of
cost (first-in, first-out) or market, as determined by the retail
inventory method.

Ace Hardware
Inventories are valued at the lower of cost or net realizable value. Cost is determined using last-in, first-out (LIFO).