Switzer, Inc

question 44

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 net realizable value of $400. How much loss should Switzer, Inc., record for the year?

• A) $1,600.
• B) $2,400.
• C) $3,200.
• D) $4,000.

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Definitions:

Clerical

Pertaining to office or administrative work, often involving routine documentation and record keeping.

Legal Staff

Personnel working in a legal setting, including lawyers, paralegals, clerks, and administrative support, responsible for assisting in the delivery of legal services.

Employment Manual

A document or booklet that provides employees with the company’s policies, procedures, and expectations.

Employment Policies

Guidelines and rules set by an organization to govern work conditions, duties, rights, and obligations of both employer and employees.