The concept of historical cost in accounting involves valuing business resources at their purchase price. This is further explained below.
<h3>What is the historical cost?</h3>
Generally, historical cost is a value of measure used in accounting that records the value of an asset on the balance sheet at its original cost when purchased by the firm.
In conclusion, valuing business resources at their purchase price is what historical cost is about.
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1st question
make line plot similar to the second. above 1/6 put 6 x's; above 1/3 put 3 x's; above 1/2 put 6 x's.
average: 1/3
Percent increase = ((new number - original number) / (original number)) x 100.
percent increase = ((3000 - 2500) / 2500)) x 100 =
(500 / 2500)....x 100 =
0.2 x 100 =
20% increase <====
Answer:
T=-3 when u solve for the equation u get -3
