Joan bought a business machine for $15,000 on january 1, 2013, and later sold the machine for $12,800 when the total allowable depreciation is $8,500. the depreciation actually taken on the tax returns totaled $8,000. joan must recognize a gain or loss ofa. no gain or lossb. $6,800c. ($3,200)d. $6,300

Which of the following pairs is most similar to each other?

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr