Answer:
False
Explanation:
Rather, gain or loss on the sale of an asset can be calculated as the difference between sale price and net book value (NBV).
The net book value can be calculated by accumulated depreciation from the purcahse price of the assets.
Therefore, gain or loss on the sale of an asset can be calculated using the following fomula:
Gain (loss) on the sale of an asset = Sales price - Net book value
<span>Working for a mental health agency, it is next to impossible to access information. Our agency is required by law to maintain all client records for 7 years in a secured area (limited access by Executive Director & Director of Operations, No access by employees). After 7 years they are to be disposed of properly. Our agency shreds our documents personally as to not allow a private company to do so, hence there is no breach of confidentiality. Then a private company (document disposal company) removes the shredded documentation for destruction. So it would be impossible (or at least, improbable) to obtain access to our organization information through dumpster diving.</span>
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Answer: Conservatism
Explanation: The conservatism concept can be ncept may be explained as an accounting principle which ensures that an organization tends to be very careful in handling its finances, with the conservatism concept, financial management often lean towards an approach which tends to play down future gains and concentrate more on potential chances of losses in the future. With such approach the organization tends to be very prudent in its financial management. In other words, conservatism shifts toward a tendency to understate its asset or income rather than overstate its asset.
The items that describes what happens at the equilibrium price are:
Producers supply the exact goods that consumers buy.
Consumers have enough goods, at the given price.
Producers used their resources efficiently.
Equilibrium pricing is when the items demanded match the items supplied. When this happens, the demand and good available equal each other, hence, equilibrium. The pricing is exactly where it should be for consumers to want and purchase the good or service.