Question 5 in 2xx7, oz ltd (dl) bought an abandoned lot of land on the main street in sheffield, england for 200,000 british pounds sterling. on december 31. 2x10, the land was determined to be impaired and written down to 50,000 pounds. the great recession ends and on december 31, 2x12, the land appreciates in value to 100,000 pounds. the journal entry for this land on december 31, 2x12 is: (a) impaired assets may not be written up(b) debit land 200, 000 pounds, credit gain 200,000 pounds(c) debit land 100, 000 pounds, credit gain 100,000 pounds(d) debit land 50, 000 pounds, credit gain 50, 000 pounds

Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. the government gives each firm 20 pollution permits. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. what is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? a. $3,000; $1,500 b. $4,500; $3,500 c. $4,500; $4,000 d. $4,500; $2,500