Encourage individuals to buy goods that are tax deductible instead of those that are more desired but nondeductible.
Option C
This practice is an example of: anchoring
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Explanation:</u></h3>
Anchoring is the effectiveness of unrelated knowledge, such as the acquisition cost of safety, as a reference for estimating or predicting an unknown value of a financial means. Anchoring can be prompt with applicable metrics, such as valuation multiples.
During decision making, anchoring transpires when individuals use a fundamental piece of information to obtain consequent judgments. Once an anchor is established, other judgments are formed by adjusting incessantly from that anchor, and there is a preference proceeding evaluating other information encompassing the anchor.
Answer:
$25,400.
Explanation:
International Accounting Standard 16 states that any Property, Plant, and Equipment should be initially recognized at a cost that includes all the costs that are necessary to bring the asset to its working condition. Example of such costs include:
- Purchase Price.
- Delivery Charges.
- Sales Taxes Paid, if any.
- Deduct Discounts, if any.
- Installation Costs.
- Dismantling Cost.
- Any other Directly Attributable Costs.
The standard further states that any periodic cost should be written-off to Profit or Loss as incurred. Such costs include Maintenance Costs. These are the costs that are not necessary to bring the asset to its intended use.
So in this case, the cost that should be capitalized is $25,400 (24,000 + 1,200 + 200).
Note: The insurance costs of $400 has been capitalized because it was incurred for Transit Purposes and before the asset was prepared for use.
Answer:
The answer is the first one: The property taxes on a fixed-rate mortgage never get any higher.
Answer:
how the generally accepted accounting principles would be applied, in the administrative and systems area
Explanation: