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Question - X Ltd purchased a new motor vehicle for $50,000 less a trade-in allowance of $10,000 on its old vehicle. The balance of $40,000 was paid in cash. The company name and logo are painted onto the sides and roof of the vehicle at a cost of $2,000. X Ltd installs premium brakes and makes suspension adjustments at a cost of $5,000. A petrol card for use with the new vehicle is acquired at a cost of $500. The new vehicle collided with pot hole after being picked up from the dealership resulting in the replacement of 2 wheel rims and tyres at a cost of $3,000. Calculate the cost of the new vehicle for accounting purposes?
a. $40,000
b. $50,000
c. $57,000
d. $60,500
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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CAPM and Venture Capital
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