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Marigold, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and originally retailed for $880.

Marigold, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and originally retailed for $880. At the statement date, each computer has a net realizable value of $380. How much loss should Marigold, Inc., record for the year? $1760.$4000$3040$2400

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