Question: At December 31, 2010, Jannis Corp. owned two assets as follows: Equipment Inventory Current cost $100,000 $80,000 Recoverable amount $ 95,000 $90,000 Jannis voluntarily disclosed
At December 31, 2010, Jannis Corp. owned two assets as follows:
Equipment Inventory Current cost $100,000 $80,000 Recoverable amount $ 95,000 $90,000 Jannis voluntarily disclosed supplementary information about current cost at December 31, 2010. In such a disclosure, at what amount would Jannis report total assets?
a. $175,000
b. $180,000
c. $185,000
d. $190,000
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