Multiple Choice
Paulson, Inc. has 5 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 current replacement cost of $350. How much loss should Paulson, Inc., record for the year?
A) $1,125.
B) $1,250.
C) $1,500.
D) $1,750.
Correct Answer:
Verified
Correct Answer:
Verified
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