Account 題目

Please explain what will happen as the following note: (the reasult will be effect from which a/c and Dr or CR?)

Q: Closing stock on 31 Dec 06 was valued at $53,100 at cost by a physical stocking-taking on that date, including deteriorated goods which cost $2,800. These goods can be sold for $1,500 if a further cost $500 is spent on restating them.

(If expain by Chinese will be better!! Many Thanks)