Explain how the two types of assets are valued

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Reference no: EM1336438

Describe how the two types of assets are valued for balance sheet purposes, using the following assets owned by a company that writes and sells software packages (about 500 words):

a. The company has a stock of 500 user manuals for version 1 of a "package" version 2 of which is to appear shortly. The company paid $5,000 to have 1,000 manuals printed and has been selling them at $25 per copy.

b. The company has a file server costing $15,000 that is used by the software development teams.

Reference no: EM1336438

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