Answer:
Decrease in Bank balance and increase in fixed assets
Explanation:
When a new depreciable asset is purchased, the money leaves the bank account hence reducing the bank balance in the statement of financial position, and on the other hand the 'Fixed asset' balance will rise by the same amount; recognizing the addition to the assets of the company. In this scenario the balance sheet totals remain unchanged as the same amount has been subtracted from 'bank' and added to 'fixed assets' all within the asset side.
However, if the asset is debt financed, it will increase the long term liability figure because 'bank loan' will be recognized. Hence the totals of the balance sheet will rise by the amount of the loan on the 'Capital and liabilities' side and the amount of the asset on the 'Asset' side.
Another impact is that the amount of depreciation charged to the Income Statement will be higher than $2,946,667 which was charged in the previous year because the new asset's depreciation will have to be added.
In the field of economics, the additional cost associated with one more unit of something is called a(n) marginal cost.
This is further explained below.
<h3>What is
marginal cost.?</h3>
Generally, The change in the overall cost that occurs as a result of an increase in the amount produced is referred to as the marginal cost.
This is also referred to as the cost of producing an extra quantity.
In conclusion, In the study of economics, the term "marginal cost" refers to the extra expense incurred by producing one more unit of a certain product or service.
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The 10 million U.S. residents with the highest SES outlive the 10 million with the lowest SES who live in rundown areas by about <u>30</u> years.
<h3>What is socioeconomic status (SES)?</h3>
Socioeconomic status can be defined as the status of people in a society or community as based on the followings:
- Income
- Occupation
- Education
In the United State of America people who are educated and earn higher income including having the best health care tend to live longer compare to those who live in a very poor condition and has a lowest SES.
Inconclusion 10 million U.S. residents with the highest SES outlive the 10 million with the lowest SES who live in rundown areas by about <u>30</u> years.
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