The effect that the newly installed air conditioning system would have on the property's effective age would be: it decreases it.
<h3>What is a Property's Effective Age?</h3>
The effective age of a property can be described as the reflection of the true life of the property that is left remaining, based on the life expectancy that is typical of equipment or buildings that are similar to it and their usage.
So, when a property owner installs a new air conditioning system on a property, the air conditioning system, can cause wear and tear to the property which reduces how long the property can serve its purpose.
Therefore, we can conclude that the effect that the newly installed air conditioning system would have on the property's effective age would be: it decreases it.
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Answer:
Explanation:
The current liability is that liability in which the obligation is arise for one year or less than one year.
So, the categorization is shown below:
a. A note payable for $100,000 due in 2 years. = It is not a current liability as it is due in 2 years that come under the long term liability
b. A 10-year mortgage payable of $300,000 payable in ten $30,000 annual payments. = Current liability for first annual payment only and rest is consider to be long term liability
c. Interest payable of $15,000 on the mortgage. = Current liability as it is arise within one year
d. Accounts payable of $60,000. = Current liability as it is arise within one year
The current liability is shown on the liabilities side of the balance sheet.
<span>The economy was slowing, but prices were rising, signifying the potential for stagflation.
</span>Stagflation is term used in economics to denote economic situation characterized with high unemployment, rising prices, economic growth. This situation occurs when the overall price level rises rapidly. In our case, <span>"the price of eggs was up 40% and milk was up 26%., which means that the prices raised rapidly.</span>
Answer:
Total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good.
Explanation:
As consumption increases, total utility increases but marginal utility would begin to diminish after a certain point is reached as a result of diminishing marginal utility.
The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit falls.
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Answer:
Transaction price of the arrangement for Blair Biotech is $10,000,000.
2) Journal Entries for Blair.
Date Accounts Debit$ Credit$
12/20/2017 Accounts Receivable $10,000,000
License Revenue $10,000,000
01/15/2018 Cash $10,000,000
Accounts Receivable $10,000,000
Explanation:
