Kieron is an antiques dealer. His inventory included a clock that cost $15 100. Kieron expects to

Question:

Kieron is an antiques dealer. His inventory included a clock that cost $15 100.

Kieron expects to spend $700 on repairing the clock, which will mean that he will be able to sell it for $26000.

At what value should the clock be included in Kieron’s inventory?

a. $15 100

b. $15 800

c. $25 300

d. $26 000 ACCA adaptedLO1.

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