TRUE. If the Fed wants to increase the money supply, it can do so by buying government bonds and if it wants to reduce the money supply it can do so by selling bonds from its account
Answer:
The price went up because the supply was low and the demand was high.
I believe
Explanation:
Answer:
$44,580
Explanation:
Given that ;
Purchased price = $29,900
Closing costs = $2,650
Cost of removing old building = $12,030
The amount that should be recorded as the cost of the land
= Purchased price + Closing costs + Cost of removing the old building
= $29,900 + $2,650 + $12,030
= $44,580
Answer:
a. physical deterioration.
Explanation:
Depreciation is the decrease or loss of value of an asset. Money, plants and machinery are subject to a decline in value due to various reason. Appreciation is gain in value and therefore, an opposite of depreciation.
Physical depreciation is the loss of value due to aging, or wear and tear. It arises from the usage of the asset or collusion. Physical depreciation is naturally occurring. It begins as soon the asset is purchased and placed under its intended use.
The cost of depreciation is the difference between an assets cost price and the estimated value after wear and tear.
Answer:
$55,000
Explanation:
Beginning raw material $75,000
Add: Purchases $40,000
Less: Ending raw material inventory <u>$(60,000)</u>
Raw material used <u>$55,000</u>