Paulson, Inc

question 3

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. How much loss should Paulson, Inc., record for the year?

• A) ₤1,800.
• B) ₤2,000.
• C) ₤2,400.
• D) ₤2,800.

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Definitions:

Nucleic Acids

Biopolymers essential to all known forms of life, which carry genetic information in cells and are made up of sequences of nucleotides.

Adenine

One of the four nucleobases in the nucleic acid of DNA that are represented by the letters G–C–A–T.

Nucleic Acids

Large biomolecules essential to all known forms of life, including DNA and RNA, which store and transmit genetic information.

Guanine

One of the four main nucleobases found in the nucleic acids DNA and RNA.