High country corporation acquired two inventory items at a lump-sum cost of $80,000. the acquisition included 6,000 units of product a, and 14,000 units of product b. product a normally sells for $12 per unit, and product b for $4 per unit. if high country sells 2,000 units of a, what amount of gross profit should it recognize?

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes