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Darina [25.2K]
3 years ago
14

Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and originally r

etailed for $900. At the statement date, each computer has a current replacement cost of $400. What value should Switzer, Inc., have for the computers at the end of the year?
Business
1 answer:
USPshnik [31]3 years ago
3 0

Switzer Inc. should give the value of the computers at what they are currently worth to replace. After the two years, they now cost $400 to replace them so the value Switzer Inc. should place on their year end report is $400 due to that being the cost to replace in current day.

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