<span>This is absolute poverty. This is the state of being where the daily needs of a person or family are not being met, even after completing a day's work. This is in relation to relative poverty, which is based on the standards of living in a certain country. Absolute poverty is the standard at which anyone in any part of the world would be unable to meet their basic food and housing needs.</span>
Answer:
$6,744.83
Explanation:
We calcualte the present value of a three years annuity discounted at 5.5% considering their cashflow are 2,500
C 2,500.00
time 3
rate 0.055
PV $6,744.8334
Answer:
True Statements are:
B, C, D
Explanation:
All the capital cost incurred for an asset acquisition is added to the cost of capital asset.
The cost of capital asset here will include the following,
Replacement of wiring will not form part of cost of building, as is associated with fittings and computers, so either it will be clubbed in furniture and fittings or computers,
Replacement of roof is a part of building and shall be added to cost of building.
Painting, plumbing etc: will not form part of cost of building, as will be added to revenue expenditure and not the capital expenditure.
Thus with the above clarification of nature of expense, Statement B, C, and D are true.