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Longview Baskets has in its inventory 2,000 damaged baskets that cost $20,000. The baskets can...

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Accounting

Longview Baskets has in its inventory 2,000 damaged baskets that cost $20,000. The baskets can be sold in their present condition for $12,000, or repaired at a cost of $13,000 and sold for $35,000. Required: What is the opportunity cost of selling the baskets in their present condition? $ .00

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