Switzer, Inc

question 90

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 current replacement cost of $400. How much loss should Switzer, Inc., record for the year?

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