Why this is mistaken
Use the supported better estimate. The minimum applies only when recognition is required, the range is reasonable, and no amount is better than another.
Where to watch
When this mistake may appear
- A probable loss has a $180,000 to $420,000 range and a supported $300,000 better estimate.
Check your work
Your work may contain this mistake if:
- This mistake records $180,000 solely because it is lowest.