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Shannon Co. has several old computers that originally cost $38,000 and have accumulated depreciation of...

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Accounting

Shannon Co. has several old computers that originally cost $38,000 and have accumulated depreciation of $31,000. The old computers could be sold here in the USA for $9,000. Alternatively, they could be updated with new software for a total additional cost of $7,200 and sold for a higher price to a company in Ireland. If Shannon sells the computers in Ireland, they will have to pay a 10% export tariff (tax) based on sales revenue. Shannon decides to update the computers and sell them in Ireland. Net income increases $5,000 as a result. Calculate the total sales price of the updated computers (round to the nearest $1).

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