Multiple Choice
Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and originally retailed for $900. At the statement date, each computer has a current replacement cost of $400. How much loss should Switzer, Inc., record for the year?
A) $1,600.
B) $2,400.
C) $3,200.
D) $4,000.
Correct Answer:
Verified
Correct Answer:
Verified
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