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5) Data for Harry Computers in January: Average cost of each computer 150 Number of years for the warranty 3 Number of computers sold 2,000

5) Data for Harry Computers in January:

Average cost of each computer 150

Number of years for the warranty 3

Number of computers sold 2,000

Number of computers replaced under the warranty 50

Required:(1) Find the estimated liability for the computer warranty with a

replacement rate of 10%

(2) Find the computer warranty expense for the replaced computers

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