Roger Is a Sole Trader Who Sells Various Electrical Items

Roger is a sole trader who sells various electrical items such as flat screen UHD television sets. Roger decides to take one flat screen UHD television set from his store for his own personal use. The television set cost $1,500 and retails for$3,000. The current replacement cost of this same make and model set is $1,800. What amount does Roger need to show into his business income for the stock taken for his own use?

A) $3,000
B) $1,500
C) $1,800
D) $0

Correct Answer:

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