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-BARSIC- [3]
3 years ago
9

Most of the assets were bought a long

Business
1 answer:
Margarita [4]3 years ago
4 0

Answer:

Historical cost principle

Explanation:

Assets must be recorded at cost value, not market value. When you record an asset, you cannot change its value every period, you have to keep using the historical value. This is why we use a separate account to record accumulated depreciation of assets, so that the purchase cost is always constant, but the net carrying value will vary depending on depreciation expense.

Market value changes and can be very volatile. Imagine a house, whose initial value was $300,000, then it increased to $500,000 but the market went down and its value was $350,000. It would be a mess to change the value and pay capital gains taxes, or then report a loss.

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The last one, letter D
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At Mighty-Tuf Industrial Products Group, 30 percent of its employees are neither a citizen of the parent company nation nor the
horsena [70]

Employees that are not from the parent country or the host nation are known as third-country nationals.

<h3>Who are third-country nationals?</h3>

These are those employees that do not come from the country the company was founded in, or from the country that the company is operating in.

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4 0
2 years ago
An apparel manufacturing plant has estimated the variable cost to be $3.30 per unit. Fixed costs are $1,800,000 per year. Forty
erica [24]

Answer:

$15.30

Explanation:

Given that,

Fixed costs = $1,800,000 per year

Variable cost = $3.30 per unit

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Therefore, the unit cost per item is $15.30.

4 0
3 years ago
This year, Mr. Thomas has a higher credit score than he did last year. Which of the following should Mr. Thomas expect with the
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An easier time getting a car loanan easier time renting an apartment
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2 years ago
Read 2 more answers
Aaron is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current y
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Answer:

$325,000

Explanation:

Aaron's salary which has already been substracted from the income of ABC, Inc. is allowable deduction and it will not be added back to the ABC Inc.'s income.

Dividend payment by an S corporation is not allowable for deduction and it will not be deducted from the net income.

Therefore, Aaron's qualified business income is $325,000.

7 0
2 years ago
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