Multiple Choice
Paulson, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost ₤600 and originally retailed for ₤825. At the statement date, each computer has a net realizable value of ₤350. What value should Paulson, Inc., have for the computers at the end of the year?
A) ₤2,000.
B) ₤2,800.
C) ₤4,800.
D) ₤6,600.
Correct Answer:
Verified
Correct Answer:
Verified
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