Question

Bramble, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $670 and originally retailed for $850. At the statement date, each computer has a net realizable value of $400. What value should Bramble, Inc. have for the computers at the end of the year? O $6800. O $2680. O $5360. • $3200.

Name: bramble inc has 8 computers which have been part of the inventory for over two years each computer cost 670 and originally retailed for 850 at the statement date each computer has a net real 24137
Uploaded: 2022-12-04T18:51:28-08:00
Duration: 2 min 20 s
Channel: James Kiss
Description: bramble inc has 8 computers which have been part of the inventory for over two years each computer cost 670 and originally retailed for 850 at the statement date each computer has a net real 24137

          Bramble, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $670 and originally retailed for $850. At the statement date, each computer has a net realizable value of $400. What value should Bramble, Inc. have for the computers at the end of the year? O $6800. O $2680. O $5360. • $3200.

Added by Susan W.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert James Kiss

12/04/2022

Step 1

The original cost of each computer is $670. Since Bramble, Inc. has 8 computers, the total original cost of the computers is 8 * $670 = $5360. Show more…

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Bramble, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $670 and originally retailed for $850. At the statement date, each computer has a net realizable value of $400. What value should Bramble, Inc. have for the computers at the end of the year? O $6800. O $2680. O $5360. • $3200.