Should low value, high volume inventory, such as donated items for re-sale be recognised? If so, how should they be measured, both initially and subsequently? How should donated inventory such as pharmaceuticals be measured if close to their ‘use by’ date and potentially not usable? What disclosures should be made about the nature of such inventory? If inventory is impaired, how is the value of the impairment calculated? When an impairment has been recognised, what disclosures should be made?