Berry Inc Has 6 Computers Which Have Been Part of the the Inventory

question 230

Multiple Choice

Berry Inc. has 6 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 $450. How much loss should Berry Inc. record for the year?

• A) $900.
• B) $1800.
• C) $2700.
• D) $3600.

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Definitions:

Rheumatic Fever

An inflammatory disease that can develop as a complication of untreated or poorly treated strep throat or scarlet fever and can affect the heart, joints, skin, and brain.

Polyarthritis

A condition characterized by inflammation in five or more joints simultaneously.

Osler Nodes

Red, painful, elevated sores on the hands and feet linked to infectious endocarditis.

Janeway Spots

Small, painless, red or purple spots on the palms or soles, associated with infective endocarditis.