It is true that the cost of a plant asset includes all amounts paid to ready the asset for its intended use.
<h3>What is historical cost of plant?</h3>
The cost of plant assets includes all expenditures necessary to acquire the asset and make it ready for its intended use. The initial cost that an organization incurs is vital in order to know the amount that will be charged for a particular product.
The above means that once cost is established, a company uses that amount as the basis of accounting for the plant asset over its useful life.
Hence, It is true that the cost of a plant asset includes all amounts paid to ready the asset for its intended use.
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Answer:
B.
Explanation:
The main reason as to why it is essential to differentiate these two is that the nominal growth rate combines the effect of price changes along with changes in the production of goods and services and thus gives a less clear indication of the impact on living standards. While the real growth rate measures economic growth in relations to the GDP in different periods, and expressed in real terms, and since it is divided by the population it means that in order to sustain a standard of living it needs to increase at a rate faster than the population.
Answer:
$149,100
Explanation:
Given that,
Uchimura Corporation has two divisions: the AFE Division and the GBI Division.
Net operating income = $42,000
Divisional segment margin:
AFE Division = $15,700
GBI Division = $$175,400
Common fixed expense not traceable to the individual divisions:
= AFE Division's divisional segment margin + GBI Division's divisional segment margin - Net operating income
= 15,700 + 175,400 - 42,000
= $149,100
The break even level of sales is <span>$1400</span> +$13*n
The correct answer is letter C, J<span>apanese banks pay interest on checking accounts. In Japan, banks are not willing to pay a high rate of interest. This is the reason why people who use their credit cards or other savings account they get charged extra for interest. </span>