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. what lower-of-cost-or-market value should switzer, inc., have for the computers at the end of the year?
(a) $3,200.
(b) $4,800.
(c) $2,400.
(d) $7,200.
Answers: 1
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