Answer:
€6 million
Explanation:
As we know that
According to the International Financial Reporting Standards, if the net realizable value of the inventory increases then the written down of reversal value is required
And according to the GAAP, the inventory should be valued at lower of cost or net realizable value
So in the given case, the inventory is purchased at €6 million and now it is estimated value is €7 million so the lower value i.e €6 million should be reported on the balance sheet.
Answer:
The most suitable answer is Stocks may help you protect your money from inflation while bonds may be more susceptible to losing their value over time due to inflation.
Explanation:
Now remember, this is not "guaranteed" as stocks come with higher risks comparing to bonds, yet in US share market, stocks have performed well than the bonds overall. This is because stock prices fluctuate and if the company invested in is performing well, the share prices can sky rocket over a long period while in bonds you don't see this often as they are issued for a specific time and represents the debt capital.
Answer:
V(n)=140,000-10000n
V(7)=$70,000
Explanation:
Purchase Cost= $140,000
Value After 11 Years =$30,000
Depreciation per Year = 
The truck depreciates at a rate of $10000 per year.
Using straight-line depreciation, the value of the truck in dollars, V
The linear function of its age in years n, V(n)=140,000-10000n
When the truck is 7 years old
n=7
Truck's Value, V(n)=140,000-10000n
=140,000-(10000X7)
=140,000-70000
=$70,000
In order to have competition in a market economy, there must be at least 2 or more sellers acting independently in a particular market.
<h3>What is
competition in a market economy?</h3>
competition in a market economy serves as one that allows multiple individuals as well as businesses to use resources efficiently as well as producing the cheapest products without compromising quality.
It should be noted that In order to have competition in a market economy, there must be at least 2 or more sellers acting independently in a particular market.
Learn more about competition at:
brainly.com/question/9698922
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