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Sawyer Company self-insures its property for stor the property, it would cost them $2,000,000 per year. The company estimates that on average it will incur
Sawyer Company self-insures its property for stor the property, it would cost them $2,000,000 per year. The company estimates that on average it will incur losses of fire and storm damage. If the company were to obtain insurance on 600,000 per year. During 2018, $700,000 worth of losses were sustained. How much should be recognized by Sawyer Company in 2018 for losses and insurance expense
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