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13-19 Disposition of Obsolete Inventory The Lantern Corporation has 1,000 obsolete lanterns that are carried in inventory at a manufacturing cost of $20,000. If the

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13-19 Disposition of Obsolete Inventory The Lantern Corporation has 1,000 obsolete lanterns that are carried in inventory at a manufacturing cost of $20,000. If the lanterns are re-machined for $5,000, they could be sold for $9,000. If the lanterns are scrapped, they could be sold for $1,000. Which alternative is more desirable and what is the net incremental benefit to that alternative

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