mpt in Progress Swifty Corporation has old inventory on hand that cost $26250. Its scrap value is $35000. The inventory could be sold for $47500 manufactured further at an additional cost of $26250. What should Swifty do? O Sell the inventory for $35000 scrap value Manufacture further and sell it for $87500 O Dispose of the inventory to avoid any further decline in value O Hold the inventory at its $26250 cost

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 53P
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Swifty Corporation has old inventory on hand that cost $26250. Its scrap value is $35000. The inventory could be sold for $47500
manufactured further at an additional cost of $26250. What should Swifty do?
O Sell the inventory for $35000 scrap value
Manufacture further and sell it for $87500
O Dispose of the inventory to avoid any further decline in value
O Hold the inventory at its $26250 cost
Transcribed Image Text:View Policies Current Attempt in Progress Swifty Corporation has old inventory on hand that cost $26250. Its scrap value is $35000. The inventory could be sold for $47500 manufactured further at an additional cost of $26250. What should Swifty do? O Sell the inventory for $35000 scrap value Manufacture further and sell it for $87500 O Dispose of the inventory to avoid any further decline in value O Hold the inventory at its $26250 cost
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