When plant assets are purchased as a group in a single transaction for a lump-sum price, the cost of the purchase is allocated among the different types of assets acquired based on their relative market values.
true or false

Statement is true

Explanation:

Sometimes several fixed assets are purchased together for a lump sum price. Single amount is paid for different classes of assets. In this case, these assets are recorded differently under fixed asset section in the balance sheet. Each asset is allocated cost based on their fair market value or market price.

This situation arises when a particular land is purchased along with adjacent structures. Single amount is paid for this transaction.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; whoever is willing and able to pay the price;