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Crane Company has old inventory on hand that cost $15000. Its scrap value is $20000. The inventory could be sold for $50000 if manufactured further
Crane Company has old inventory on hand that cost $15000. Its scrap value is $20000. The inventory could be sold for $50000 if manufactured further at an additional cost of $15000. What should Crane do? Dispose of the inventory to avoid any further decline in value. Sell the inventory for $20000 scrap value. Manufacture further and sell it for $50000. Hold the inventory at its $15000 cost
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