Armstrong Corporation manufactures bicycle parts. The company currently has a $21,000 inventory of parts that have become

Question:

Armstrong manufactures bicycle parts. The company currently has a $21,000 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for $9,000, or modified for $12,000 and sold for $22,300.
Required:
1. Which of the data above are relevant to the decision about the obsolete parts?
2. Prepare an analysis of the decision.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...