The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jan. 31, 2012
Filed:
Jul. 18, 2006
David Audley Duncan, Orem, UT (US);
Marsha Terry, Orem, UT (US);
Michael Amore Scalora, Orem, UT (US);
Bradley R. Lamb, Pleasant Grove, UT (US);
David Audley Duncan, Orem, UT (US);
Marsha Terry, Orem, UT (US);
Michael Amore Scalora, Orem, UT (US);
Bradley R. Lamb, Pleasant Grove, UT (US);
Intuit Inc., Mountain View, CA (US);
Abstract
A method and apparatus for lower of cost or market value monitoring includes a process for lower of cost or market value monitoring and notification whereby data representing the identification and purchase price of an inventory item is obtained and the market value of the inventory item is automatically monitored on a periodic basis. Data representing the purchase price of the inventory item is then periodically compared with data representing the market value of the inventory item and when the market value of the inventory item decreases below the purchase price of the inventory item a notification/alert is generated bringing the drop in market value of the inventory item below the price paid for the inventory item to the user's attention.