Explanation:
Examples of determinants of demand are:
- The price of the good or service. - The nominal price of a good is its value in terms of money
- The income of buyers. - available to purchase a good
- The prices of related goods or services. - one of the other factors affecting demand
- The tastes or preferences of consumers. - the subjective (individual) tastes, as measured by utility, of various bundles of goods.
- Consumer expectations. -the feelings, needs, and ideas that customers have towards certain products or services
If you have any questions feel free to ask in the comments. - Mark
Answer:
A. $10,500
Explanation:
FV of IDNA:
Book value $ 15,000
Revalued plant assets ($25,000)
license agreements
$30,000
Intangible assets $50,000
$ 70,000
Non-controlling interest valued at the date of acquisition, following the alternative method allowed by IFRS = 15% * 70,000 = $10,500.
Explanation:
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Answer:
$2,200,000 gain
Explanation:
When the amount received from the disposal of an asset is lower than the carrying or net book value (NBV) of the asset, the company makes a loss on disposal otherwise, the company makes a gain on disposal.
The carrying amount of the asset is the difference between the asset's cost and accumulated depreciation as at the date of disposal.
Asset NBV = $2,000,000 - $1,200,000
= $800,000
Gain/(loss) on disposal = $3,000,000 - $800,000
= $2,200,000
