Small number is three and large number is four
Answer: d) think at the margin.
Explanation:
A rational person is defined as some who makes decision with the intelligent thinking rather being emotional .This result usually results in sensible outcomes.
According to the Ten principles of Economics,it is supposed that a rational person tends to think intelligently and would prefer to make minute changes in the resources while taking decision so that optimal rate can be maintained and additional action can be further thought.
Other option are incorrect because purchasing items from smaller organization, sunk rate and average cost product equalizing with the price is not the decision ability of a rational person
Answer:
D. None of the above are true.
Explanation:
As while recording depreciation, the total assets is decreased and the stockholder equity is also decreased as depreciation is a contra asset account
In the side of stockholder equity, the net income, the retained earning and the stockholder equity is decreased
whereas, the total asset is decreased as the amount of asset is reduced by deducting the accumulated depreciation amount
The journal entry is shown below for better understanding
Depreciation Expense A/c XXXXX
To Accumulated Depreciation XXXXX
(Being depreciation expense is recorded)
