Paulson, Inc $£ 600$ And Originally Retailed For $£ 825$ at the Statement Date, Each Computer Has a Net

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 net realizable value of $£ 350$ . How much loss should Paulson, Inc., record for the year?

A) $£ 1,125$ .
B) $£ 1,250$ .
C) $£ 1,500$ .
D) $£ 1,750$ .