Paulson, Inc. has 5 computers which have been part of the inventory for over two years. Each computer cost $600 and originally retailed for $825. At the statement date, each computer has a current replacement cost of $350. How much loss should Paulson, Inc., record for the year?

Question 9 options:

1)

$1,125.

2)

$1,750.

3)

$1,250.

4)

$1,500.