Answer:
less than
Explanation:
The law of diminishing marginal utility states that utility decreases as additional units of a commodity are consumed. An example would the satisfaction you would derive from the first bottle of cola and the second and the third, the satisfaction you derive deceases after each additional consumption.
Answer:
b.) The equipment should be capitalized and depreciated according to the tax code
Explanation:
Depreciation under the Income Tax Act is a deduction allowed for the decline in the real value of a tangible or intangible asset used by a taxpayer. The Income Tax Department uses the concept of depreciation for the purpose of writing off the cost of an asset over its useful life.
Answer:
Except Materiality.
Explanation:
The qualitative characteristics of accounting information are divided into;
i. Fundamental ( Relevance (materiality) and faithful representation)
ii. Enhancing.
According to ACCA and IASB the fundamental characteristics has two major components; a. Relevance and b. faithful representation.
Relevance actually mean having material value. In accounting, a transaction has material value if it inclusion or omission can change the overall opinion of the financial statement from a profit to loss.
An institution must permit a student to review his records within how many days from the day the student requests the review: none of these.
The choices given were 10 days, 20, days, 25 days, 30 days, and none of these.