Examlex
The half-life of Carbon-14 is approximately 5,700 years.Using this information scientists have been able to determine the age of some artifacts left by humans.A scientist wants to know approximately how old a piece of wood was that she found on the floor in an old cave that had recently been discovered.She removed the wood (with permission) to her laboratory.Her wood sample contained 2 grams of Carbon-14.If the age of the wood was determined to be 22,800 years old,how much Carbon-14 originally existed in this piece of wood?
Lower-Of-Cost-Or-Market
An accounting principle where inventory is reported at the lower of either its historical cost or its market value as of the balance sheet date.
Non-Monetary Assets
Assets that are not in the form of currency or cannot be readily converted to cash, such as property, plant and equipment, or intangible assets.
Temporal Method
The temporal method is a currency translation method used in accounting to convert the financial statements of foreign subsidiaries to the parent company's currency.
Foreign Exchange Gains
Profits resulting from the increase in value of a currency against another in the foreign exchange market.
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