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Question 15 1 points Saved Cork Computer Inc sells equipment with a 2-year warranty. Prior experience indicates that costs for warranty repairs average 3% in
Question 15 1 points Saved Cork Computer Inc sells equipment with a 2-year warranty. Prior experience indicates that costs for warranty repairs average 3% in the first year, and 2% in the second year. Sales were $300,000 and $100.000 in fiscal 2019 and 2020 respectively. It paid $5,000 for materials and labour to make warranty-related repairs in 2019. What amount will be recorded as warranty expense in 2019? O $12,000 O $5,000 O $18,000 $15,000 (1)
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