Tesla is more valuable right now in 2017
Answer:
False
Explanation:
What is a transportation company called?
- Courier companies are usually spin-offs from freight forwarders.
- There are various types of courier companies, such as airfreight courier companies or road couriers.
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Answer:
b. They typically use financial and non-financial data aggregated at a high level.
Explanation:
The statement which is correct concerning analytical procedures used in planning an audit engagement is statement B because the use of financial and non-financial data aggregated at a high level is commonly used during preliminary analytical procedures. Evaluations of financial knowledge gained by the research of PLAUSIBLE RELATIONSHIPS between both financial plus non-financial data. Typically use financial and non-financial data AGGREGATED AT A HIGH LEVEL, they are a Type of Audit Procedure as well as a Type of Evidence (usually practiced in alliance with different kinds of data) as the aforementioned that it is known as analytical procedures.
<span>The two additional pieces of information required to conclude that the standard of living increased by 4% for the typical person is REAL GDP for 2004 and the GDP deflator value for 2003. We are given nominal gdp at 4% increase which we can state as 1.04. If we are given real gdp or real gdp growth we can then derive the GDP deflator value for 2004 as follows:
2004 GDP deflator = Nominal GDP 2004/ Real GDP 2004.
Now that we have the 2004 GDP deflator, we can compare this to the 2003 GDP deflator which is the second piece of info we need to calculate the Consumer Price Index or CPI. Calculated as follows:
CPI = GDP deflator 2004 / GDP deflator 2003.
The CPI value calculated above will give you year over year inflation from year end 2003 to year end 2004. We can then concluded the change in standard of living for the typical person which is simply the increase in Nominal GDP less inflation which is real GDP growth or SOL (Standard of living growth).
Nominal GDP increase 2004 - Inflation = SOL increase.
4% - 2004 inflation = change in SOL.</span>
Answer: Option A
Explanation:
A. Depreciation lowers the book value but not fair value of the asset.
B. Depreciation is the method of allocating expense of the asset and to calculate the return as per that expenditure hence it matches revenue with expense .
C. Depreciation is the method of allocating cost of the asset over its useful life.
D. Depreciation can only be calculated on tangible assets with useful life,for other assets process of amortization is used.