When a pizza maker lists the price of a pizza as $10, this is an example of using money as a unit of account
<h3>What is a unit of account?</h3>
A unit of account is a standard numerical unit of money used for measuring goods and services.
According to the question, the price of the pizza is a unit of account because it was used to measure the price of the goods.
Learn more on unit of account here; brainly.com/question/12730352
#SPJ12
Answer:
(a) The asset would be recorded in accordance to IAS 16 Property, plant & equipment.
Dr Mining Asset 896,900
Cr Bank 896,900
(b) IAS 16 says that the costs incurred to make the asset ready for use must be capitalized as part of the asset. This means the license fee $1000 filing fee, License fee $2100 and $50,000 amount paid for geological survey must be capitalized. So the entry is as under:
Dr Mining asset (1k+2.1k+50k) $53,100
Cr Bank $53,100
(c) This assets must be depreciated on the basis of tons of minerals extracted which is 60 thousands tons in the first year.
Depreciation Expense = (60k tons / 500k tons) * (Total capitalized cost)
=(60,000/500,000) * (896,900+53,100) = $108,000
The Double entry of Depreciation Expense would be as under:
Dr Depreciation Expense $108,000
Cr Accumulating Depreciation $108,000
Human resource management tasks and responsibilities have developed largely as a result of two important factors: (1) firms' identification of workers as their ultimate resource and (2) changes in legislation that overturned many conventional practices.
Human resource management is mostly the practice of recruiting, hiring, the deployment, and managing personnel in a business. HRM is frequently abbreviated as "human resources" (HR).
HRM has changed dramatically over the previous two decades, making it an even more vital position in today's enterprises. HRM used to involve processing payroll, sending birthday presents to staff, organizing corporate trips, and ensuring forms were completely filled out, in other words, more of an administrative duty than a strategic position critical to the organization's success.
Therefore, human resource management duties and responsibilities have primarily evolved as a result of two key factors: (1) enterprises' identification of workers as their ultimate resource and (2) legislative developments that have reversed many traditional practices.
To know more about hrm click here:
brainly.com/question/10583893
#SPJ4
