Answer:
Cost principle.
Explanation:
Cost or historical cost principle.
The assets, liabilities and equity must enter the accounting at their original purchase cost rather than current market value. This bulding, which is an asset was purchase for 500,000. Therefore, his cost is 500,000. It will be recorded at 500,000.
And will not increase for changes in the market value. Only at the moment of selling or disposal of the assets the accounting will recognzie a gain or loss.
Hello! The answer to your question would be as followed:
The book value of an asset is equal to the <u><em>D. asset's cost less accumulated depreciation.</em></u>
Answer:
The maximizing profit strategy
Explanation:
When companies decides to use mathematical process in determining pricing, they are opting for profit maximizing strategy. Profit maximization is the situation in sales whereby profit are highest. Calculus is usually used in calculating the profit maximizing number of units produced. The level of output chosen for profit maximization is when the marginal cost equals the marginal revenue. This is the level at which the price is determined. Profit maximization analysis is a mathematical approach that helps organizations determine the price and output level that returns the greatest amount of profit.
Hi my dear friend,
A centrally planned economy is an economic system in which the state or government makes economic decisions rather than the these being made by the interaction between consumers and businesses. ... State-owned enterprises undertake the production of goods and services.
~Thank you