Lower of Cost or Market

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
LCM
Pronunciation
/loʊər əv kɔst ər ˈmɑrkɪt/
Category
Business
Related Field
Accounting

Examples in Context

  1. At the lower of cost or market;
  2. To reduce the carrying value of the investment in marketable securities to the lower of cost or market.
  3. Unrealized loss recognized when market value of long-term investments below their costs under the lower of cost or market valuation method.
  4. The application of the lower of cost or market rule is illustrated by the tabulation shown below
  5. If the replacement cost of an item in the inventory is lower than its cost, the use of the lower of cost or market rule provides two advantages

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