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Product # 1 DATA Historical cost $ 16 Replacement cost $ co 15 Estimated cost to dispose $ 3 Estimated selling price $ 21 Normal

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Product # 1 DATA Historical cost $ 16 Replacement cost $ co 15 Estimated cost to dispose $ 3 Estimated selling price $ 21 Normal profit margin (%of selling price) 20% WHICH OF THE FOLLOWING STATEMENTS IS/ARE CORRECT? Incorrect choices are penalized. The Net realizable Value for this product equals $18. The Net realizable Value for this product equals $14. The Net realizable Value for this product equals $15. o The Net realizable Value for this product equals $12, 0 The Floor For this product is $14. The Floor For this product is $9. The Floor For this product is $11. The Floor For this product is $12

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