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2 years ago

Briefly explain the term gross value added at basic prices

1 answer:

7 0

Gross value added (GVA) is defined as output (at basic prices) minus intermediate consumption (at purchaser prices); it is the balancing item of the national accounts' production account. GVA can be broken down by industry and institutional sector.

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2 years ago

Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $18,000 (original cost of $40,000 l

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Answer:

Loss on exchange is -$7,800

initial value of tractor is $42,200

Gain on exchange is $8000

Initial value of tractor is $58,000

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Initial value of the new tractor=fair value of the old tractor+cash payment

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If fair value were $26,000

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3 years ago

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Answer:

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2 years ago

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2 years ago

Briefly explain the term gross value added at basic prices ​

Briefly explain the term gross value added at basic prices