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The Wasson Widget Co has 1.000 obsolete widgets on hand. These units were produced a year ago at a cost of $10,000. The units could

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The Wasson Widget Co has 1.000 obsolete widgets on hand. These units were produced a year ago at a cost of $10,000. The units could be scrapped for $1,000 or reworked for $2,000 and sold for $5,000. Which alternative is desirable and why? Scrap, income of $1,000 is higher than the other option Rework, incrementalloss $7,000 Rework, income of $3,000 is higher than the other option Scrap, incremental loss $9,000

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