Answer:
False. Even Information Technology can be considered as capital acquisition.
Explanation:
Capital acquisition means the way through which new assets are purchased for business expansion and growth.
Equipments, real estate and construction are all tangible assets and considered as capital assets whose life is usually greater than 1 year.
Any acquisition which serves a business for long term which is generally for more than one year shall be termed as capital acquisition.
Even software and patents acquired can be termed as capital acquisition if useful life of those exceeds an year.
Thus, Information technology can be considered a capital acquisition if it's useful life for business is more than an year.
Martin, a US. citizen travels to Mexico and buys a newly manufactured motorcycle made there. his purchase is included in both Mexican GDP and U.S. GDP.
This is further explained below.
<h3>What is
GDP?</h3>
Generally, The gross domestic product (GDP) of a nation is a monetary measurement that is based on the market value of all of the final products and services that are produced in that nation during a certain time period.
Before being regarded as a trustworthy indication, this measure often undergoes revision because of the complexity and subjectivity inherent in its design.
In conclusion, Martin, a resident of the United States, makes a trip to Mexico in order to purchase a motorbike that was only just produced in that country. His purchase is accounted for in both the GDP of Mexico and the GDP of the United States.
Read more about GDP
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1. Special education teacher
2. Career and technical education teacher
3. Middle school teacher
4. Post secondary teacher
5. Teacher assistant
Answer:
$5,775
Explanation:
The computation of the interest payment is shown below:
= Note payable amount × rate of interest × number of months ÷ total number of months in a year
= $110,000 × 9% × 7 months ÷ 12 months
= $5,775
We simply multiplied with the note payable , interest rate, and the given number of months to find out the interest expense
And, the seven months is calculated from June 1, 2013 to December 31, 2013