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The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720.000.If these calculators are upgraded at a total cost of $160,000, they can be sold for a total of $220,000. As an alternative, the calculators can be sold in their present condition for $50,000. What is the financial advantage (disadvantage) to the company from upgrading the calculators? Multiple Choice S170.000 (S720,000) $10,000 (S60,000)

The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720.000.If these calculators are upgraded at a total cost of $160,000, they can be sold for a total of $220,000. As an alternative, the calculators can be sold in their present condition for $50,000. What is the financial advantage (disadvantage) to the company from upgrading the calculators? Multiple Choice S170.000 (S720,000) $10,000 (S60,000)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720 000 If these calculators are upgraded at a total cost of $160,000, they can be sold for a total of $220,000. As an alternative, the calculators can be sold in their present condition for $50,000, What is the financial advantage (disadvantage) to the company from upgrading the calculators? Multiple Choice $170,000 (S720,000) $10,000 (S60,000) O O O O
Transcribed Image Text:The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720 000 If these calculators are upgraded at a total cost of $160,000, they can be sold for a total of $220,000. As an alternative, the calculators can be sold in their present condition for $50,000, What is the financial advantage (disadvantage) to the company from upgrading the calculators? Multiple Choice $170,000 (S720,000) $10,000 (S60,000) O O O O
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