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kompoz [17]
3 years ago
8

In​ 1990, Johnson Company purchased a building for . In​ 2020, a real estate professional says the building has a fair value of

. In​ 2020, a similar building down the street recently sold for​ $900,000. What​ value, before consideration of accumulated​ depreciation, is reported for the building on the balance sheet at December​ 31, 2020?
Business
1 answer:
Klio2033 [76]3 years ago
5 0

Answer:

The numbers are missing in this question, but I will use make my own:

"In​ 1990, Johnson Company purchased a building for <u>$400,000</u>. In​ 2020, a real estate professional says the building has a fair value of <u>$950,000</u>."

The building must be reported at purchase cost (following the historical cost principle) and the only adjustment to its carrying value is accumulated depreciation. Fixed assets must always be reported at purchase cost and in this case would be $400,000.

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In the 1960s, a popular ad stated that "blondes have more fun!" this is an example of ______.
ololo11 [35]
Salutations!

In the 1960s, a popular ad stated that "blondes have more fun!" this is an example of ______.

<span>In the 1960s, a popular ad stated that "blondes have more fun!" this is an example of positive correlation. Positive correlation means that two or more thing are probable to happen at once.

Hope I helped :D</span>
5 0
3 years ago
Which country use tax brackets as a part of their tax system
konstantin123 [22]
Canada, Australia, and South Africa use tax brackets.
8 0
3 years ago
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To fully leverage the capacity of the health workforce and align care processes to emerging financial incentives, scope-of-pract
Delicious77 [7]

The scope of practice regulations for <u>Nurse Practitioners (NP)</u> should be reconsidered.

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4 0
3 years ago
Assume that Luxland and Leanderland specialize and trade in a way that is advantageous for bothof them. Explain what will happen
katen-ka-za [31]

Question Completion:

Production outputs

                    Luxland    Leanderland

Chips                10                4

Pretzels            10                8

Total output    20               12

Answer:

Assuming that Luxland and Leanderland specialize and trade in a way that is advantageous for both of them, the number of pretzels that Leanderland can produce will be 16.

Explanation:

a) Data and Calculations:

Specialization Output:

                    Luxland    Leanderland

Chips                20                0

Pretzels              0                16

Total output     20                16

b) While it is acknowledged that Luxland has absolute advantage in the production of both chips and pretzels when compared to Leanderland, the total output for both economies, without specialization, remains 32 units (of both chips and pretzels).  When they specialize, Leanderland's output increases to 16 units from 12.  This results in total output of 36 units instead of 32 for both economies.

8 0
3 years ago
2. Which of the following is an example of the globalization of production? a. Pepsico sells the same brand of pringles in multi
Katen [24]

Answer: Ford manufactures a car in Michigan, but uses parts sourced from 27 countries

Explanation:

Globalization is the process by which businesses or organizations develop international influence or a situation whereby they start operating on international scale.

Globalization of production has to do with the producers of final finished goods relocating and moving to other parts of the world in order to source for the necessary raw materials or equipments needed to complete a product and assemble all of them at their facility.

Based on this definition, Ford manufactures a car in Michigan, but uses parts sourced from 27 countries is the right answer.

8 0
3 years ago
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