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Julli [10]
2 years ago
5

Equipment with a cost of $150,000 has an accumulated depreciation of $100,000. What is the historical cost of the equipment?

Business
1 answer:
aliina [53]2 years ago
6 0

<u>Determination of historical cost of Equipment:</u>


A historical cost is the original cost of the assets purchased. It is the value at which the asset is recorded in the accounts.  In other words, historical cost is the nominal or original cost at which the asset was acquired.

In the given case it is given that Equipment has a cost of $150,000.


Hence the historical cost of Equipment shall be <u>$150,000.</u>



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3 years ago
In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was
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Answer:

Real income has increased by $720 in terms of dollar and 2% in percentage

Explanation:

<em>The real income is determined by adjusting the nominal income for inflation. The consumer price index (CPI) is used to measure the rate of inflation.</em>

R<em>eal income = Nominal income × CPI Base year/ CPI in current year</em>

Real Income =         32000 × 120/125

                                =$30,720

Change Real income

Change in real income ($) = 30,720 - 30,000

                                        = $ 720  

Change in real income (%)  =  (720/30,000) × 100

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Real income has increased by $720 in terms of dollar and 2% in percentage

                     

3 0
3 years ago
can frictional unemployment by itself explain the fact that the late 2010s saw more job openings than unemployed workers
neonofarm [45]

Answer:

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Instead, frictional unemployment points to the fact that some people are unemployed because they are just entering the labor market for the first time after a long period of absence.

Explanation:

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Assume that Jack, Hal, and Sophia enter into a written contract for the sale of the restaurant, including the building and all o
Fynjy0 [20]

Answer:

A. Jack cannot bring in the evidence of the oral agreement because of the Parol Evidence Rule.

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The rule also prevents introduction of further evidences by a party after a final written document or agreement has been reached. Things such as the content of oral discussions from earlier in the negotiation process, as evidence of a different intent as to the terms of the contract. The rule states that "extrinsic evidence is inadmissible to vary a written contract". The term " patrol" refers to "word of mouth" hence it is referred to oral pleadings in a court case.

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6 0
3 years ago
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Answer:

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3 years ago
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