Cleo bought a computer for $

1

,

495
. What is it worth after depreciating for

3

years at a rate of

16

%

per year?

2. using calculations based on a perpetual inventory system, determine the inventory balance altira would report in its august 31, 2021, balance sheet and the cost of goods sold it would report in its august 2021 income statement using the average cost method. (round "average cost per unit" to 2 decimal places.)