Answer:
True
Explanation:
Consumer price index measures the changes in price level of a basket of goods.
If consumer price index falls if means price level has fallen , goods become cheaper and the same amount of money can buy more quantities of goods and services.
Conversely if consumer price index rises, price level has increased, goods and services become more expensive and more amount of money would be needed to maintain the same level of consumption.
CPI is calculated as cost of basket of goods in a given year / cost of basket of goods in a base year
I hope my answer helps you
Answer:
Debit Credit
Property plant and equipment (Plant) $1,965,166
Cash $1,965,166
Being the cost of construction of plant building
Explanation:
<em>According to International Accounting Standards (IAS) 16, property plants and equipment, the cost of land includes all of the cost necessary to bring and make it ready for the intended use. </em>
The total cost of the plant = 451,000 + 31,900 + 47,156 + 1,349,900 + 85210
= $1,965,166
The journal entry
Debit Credit
Property plant and equipment (Plant) $1,965,166
Cash $1,965,166
<em>Being the cost of construction of plant building</em>
Answer:
The answer is $2,880 or None of the above in the multiple choices
Explanation:
The money/non-monetary method means that monetary items (e.g. cash, accounts payable and receivable, and long-term debt) are translated at the current rate while non-monetary items (e.g. inventory, fixed assets, and long-term investments) are translated at historical rates.
Therefore, the value of inventory in $ is translated at the historical rate as follows:
Inventory's current value x historical rate = €1,800 x $1.60/€1.00 = $2,880
Answer:
Hi there what is your question
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Explanation:
Answer:
$ 714,550
Explanation:
straight line depreciation:
cost $29,900,000
avoidable interest
AKA interest capitalized through building account $ 592,000
Building posted in the accounting: 30,942,000
salvage value: <u> ( 2,360,000)</u>
<em>amount subject to depreciation 28,582,000</em>
useful life of he building 40 years
depreciation per year: 714,550