Paulson, Inc

question 152

Multiple Choice

Paulson, Inc. has 8 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. What value should Paulson, Inc., have for the computers at the end of the year?

• A) ₤2,000.
• B) ₤2,800.
• C) ₤4,800.
• D) ₤6,600.

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Definitions:

Anomalies

Deviations or departures from what is considered normal or expected.

Blister

A small pocket of body fluid within the upper layers of the skin, usually caused by friction, burning, or other damage.

Lighten

To make or become less heavy, serious, or intense.

Darken

To make or become dark or darker in color, often reducing visibility or creating a more subdued atmosphere.