Disclosures ending about inventory should include each of the following except t

Question

Disclosures ending about inventory should include each of the following except the
A)basis of accounting
B)costing method
C)quantity of inventory
D)major inventory classification

Switzer Inc has 5 computers which have been part of the inventor for over two years. Each computer cost $600 and originally retailed for $900. At the statement date, each computer has a current relaacement cost of $400. What value should Switzer Inc. have for value should Switzer Inc. have for the computers at the end of the year?
A)$1500
B)$2000
C)$3,000
D)4,500

Explanation / Answer

Disclosures ending about inventory should include each of the following except the
A)basis of accounting
B)costing method
C)quantity of inventory
D)major inventory classification

Switzer Inc has 5 computers which have been part of the inventor for over two years. Each computer cost $600 and originally retailed for $900. At the statement date, each computer has a current relaacement cost of $400. What value should Switzer Inc. have for value should Switzer Inc. have for the computers at the end of the year?
A)$1500
B)$2000
C)$3,000
D)4,500

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