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Switzer, Inc

question 12

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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?


Definitions:

Manufacturing

The activities and processes used in making tangible products; also called production.

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