Incremental effect on company overall profit

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Hodge Inc. has some material that originally cost $74,600. The material has a scrap value of $57,400 as is, but if reworked at a cost of $1,500, it could be sold for $54,500. What would the incremental effect on the company's overall profit of reworking and selling the material rather than selling it as scrap? (Number will be negative)

Reference no: EM13115411

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