Answer:
Historical cost principle
Explanation:
Assets must be recorded at cost value, not market value. When you record an asset, you cannot change its value every period, you have to keep using the historical value. This is why we use a separate account to record accumulated depreciation of assets, so that the purchase cost is always constant, but the net carrying value will vary depending on depreciation expense.
Market value changes and can be very volatile. Imagine a house, whose initial value was $300,000, then it increased to $500,000 but the market went down and its value was $350,000. It would be a mess to change the value and pay capital gains taxes, or then report a loss.
Hey i did your assignment but it won’t let me send it all so do you have any social media platforms i can send it to?
Answer:
The Answer is A,C,D
Explanation:
I just did assignment on Edg.
Answer:
The amount of additional paid-in capital at December 31, 2020 is $97600.
Explanation:
Additional paid-in capital from stock issuance 31400*(13-10) 94200
Additional paid-in capital from treasury stock 3400*(14-13) 3400
Additional paid-in capital at December 31, 2020 97600
Therefore, The amount of additional paid-in capital at December 31, 2020 is $97600.
1. learner management system and environment.
2. implications for pedagogy and application to resource poor environment.
