(Solution) 11-16.Disposal Of Assets. Answer The Following Questions. A Company Has An Inventory Of 1,000 Assorted Parts For A Line Of Missiles That Has... | Snapessays.com


(Solution) 11-16.Disposal of assets. Answer the following questions. A company has an inventory of 1,000 assorted parts for a line of missiles that has...


11-16.Disposal of assets. Answer the following questions.

 

 

1. A company has an inventory of 1,000 assorted parts for a line of missiles that has discontinued. The

 

inventory cost is $75,000. The parts can be either (a) re-machined at total additional costs of $25,000

 

and then sold for $30,000 or (b) sold as scrap for $3,000. Which action is more profitable? Show your

 

calculations.

 

 

2. A truck, costing $100,000 and uninsured, is wrecked its first day in use. It can be either (a) disposed of

 

for $15,000 cash and replaced with a similar truck costing $105,000 or (b) rebuilt for $85,000, and thus

 

be brand –new as far as operating characteristics and looks are concerned. Which action is less costly?

 

Show your calculations.

 


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This question was answered on: May 23, 2022

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