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The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a...

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Accounting

The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720,000. If these calculators are upgraded at a total cost of $120,000, they can be sold for a total of $180,000. As an alternative, the calculators can be sold in their present condition for $50,000.

What is the financial advantage (disadvantage) to the company from upgrading the calculators?

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