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Why is depreciation charged? Explain the two methods of charging depreciation. In which method the value of the asset is reduced to zero earlier. Which one is more rational? Explain why?
In accountancy, depreciation refers to two aspects of the same concept: -the decrease in value of assets (fair value depreciation), and -the allocation of the cost of assets to periods...
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Gross substitute and gross complementarity of a good is established on the basis of its substitution and income effects.
Solution:Yes, it is true that gross substitutes and gross complimentary of a good are established on the basis of its substitution and income effects.Two goods are gross substitutes if the...
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Discuss in terms of the definition of gross income and any special inclusion if the scenarios above relate to gross income. Consider the effects of any exemptions if applicable
Gross income, or gross pay, is an individual's total pay before accounting for taxes or other deductions. At the company level, it's the company's revenue minus the cost of good...
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capital at the end of year 2012 was Rs.100 crore and at the end of the year 2013 Rs.110 crore.Depreciation during the year 2013 was Rs.5 crore.calculate Gross investment during 2013
is:-
Capital at the end of year 2012 was Rs.100 crore and at the end of the year 2013 Rs.110 crore. Depreciation during the year 2013 was Rs.5 crore. Gross investment...
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Explain the difference between expenditure on gross domestic product (GDP) and gross domestic expenditure (GDE) using the formula.
GDP = C + I + G + (X- M)GDP = C + I + G + (X- Z)In GDP exports are added while imports are subtracted whereas in GDE...
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Given the following data calculate the net domestic products at the market price Gross national product at market prices =US$ 85,000 Depreciation=US$ 3,000 Net factor income from abroad =US$ 2,000
Net Domestic Products (NDP) = Gross National Product + Net Income Factor - DepreciationNDP = US$ 85,000 + US$ 2,000 - US$ 3,000 = NDP = US$ 84000
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Explain the difference between expenditure on gross domestic product and gross domestic expenditure
Expenditure on gross domestic product tends to be an expenditure on the final services as well as goods produced within country's borders. It shows the production values of final services...
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how gross national product (GNI) can be derived from gross domestic product (GDP).
Solution:GDP refers to the total value of all final goods and services produced in an economy, within a nation’s borders. GNP on the other hand, refers to the total value...
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Briefly explain the meaning of gross domestic product (GDP) and gross national product (GNP). Decide and explain either GDP or GNP is better to measure the economic performance of the country.
The main difference between GDP and GNP is that GNP considers the output of a country’s citizens regardless of where that economic activity occurred. GDP considers the activity within a...
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Calculate the gross profit and cost of goods sold form the following information:
Net sales ₹ 9,00,000
Gross profit is 20% on cost
Cost of goods sold=XNet sales= Cost of goods sold + Gross Profit.Thus, Gross Profit= 20/100(X)₹ 9,000,000= X + 20/100X₹ 9,000,000=6/5XX=₹ 9,000,000(5/6)X=₹ 7,500,000Thus; Cost of goods sold = ₹ 7,500,000Gross Profit=...
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