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Switzer Inc has 5 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)$1,000b)$1,500c)$2,000d)2,500
A company would not likely use subsidiary ledgers fora)inventoryb)owners capitalc)equipmentd)accounts reveivable
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