Answer:
C. The cost of plant and equipment is allocated to expense over its useful life.
Explanation:
Depreciation is defined as the fall in value of an asset; how an asset value declines or falls overtime. Causes of depreciation are wear and tear, obsolescence etc.
Depreciation is also a process, where the cost of assets(plants, equipments and machineries) are allocated to expense over their useful life. It is computed as ; cost minus scrap value divided by lifetime [ (Cost - Scrap value)] /life time
Answer:
actual inflation rate will be equal to the expected inflation rate in the long term.
Explanation:
Since in the given instance, both companies sign the long term contract rather than the short term contract, because they believe that the expected inflation rate for each year cannot be accurately expected, but that the inflation rate for a long term period can be more accurately expected.
This is based on the concept of trend analysis, a trend analysis can help find long term results with more close to reality.
Thus, both the companies here believe that the long term rate can be expected properly of inflation.
It is true that microeconomic equalibrium happens when the aggregate supply and aggregate demand curves intersect.
Answer: Option
<u>Explanation:</u>
The aggregate demand curve shows the total quantity of all goods and services demanded by the economy at the different price level of all final goods and services. The aggregate supply curve shows the quantity of real GDP it's supplied by the economy at the different price levels.
When the intersection of aggregate demand and supply curves determines means it's micro economic equilibrium level of real GDP and the price level in the economy.
In order to effectively locate the information about a company, its projects and initiatives, a Quality Management System has to be implemented. It is a system of organizing everything about the company from the history down to the possible courses of R&D.
