The book value of a machine, as shown on the balance sheet, is not relevant in a decision concerning the replacement of that machine by another machine: TRUE
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What is the book value?</h3>
- Book value is the worth of an asset based on its balance sheet account balance in accounting.
- The value of an asset is determined by subtracting the asset's original cost from any depreciation, amortization, or impairment expenses.
- Traditionally, a company's book value is equal to its total assets minus intangible assets and liabilities.
- In practice, however, depending on the source of the computation, book value may include either goodwill or intangible assets, or both.
- The value inherent in its employees, which is part of a company's intellectual capital, is always overlooked.
- When intangible assets and goodwill are specifically omitted, the indicator is frequently defined as "tangible book value."
Therefore, the statement "the book value of a machine, as shown on the balance sheet, is not relevant in a decision concerning the replacement of that machine by another machine" is TRUE.
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Complete question:
The book value of a machine, as shown on the balance sheet, is not relevant in a decision concerning the replacement of that machine by another machine. (Ignore taxes.) TRUE or FALSE
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This equation represents a single replacement reaction. Single replacement reactions consist of one element reacting with one compound on the reactant side (left side of the equation) and they form one new element and one new compound on the product side of the equation (right side).
The two elements that produce background radiation on earth are Radon and Uranium. Airborne radon can decay on its own. Radon undergoes alpha decay to produce Polonium. Uranium naturally undergoes alpha decay to produce Thorium.
Sulphur Dioxide. Toxic. Don't eat it.