The Table Below Shows the Prices in $ and Quantities

question 22

Multiple Choice

The table below shows the prices in $ and quantities (thousands) for five specialized electronic components for 2000 and 2016. The Laspeyres price index for 2016 using 2000 as base year is ______.

• A)136.25
• B)137.33
• C)138.75
• D)139.87
• E)140.33

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Definitions:

Carrying Amount

The book value of an asset or liability on a company's balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Depreciation

Depreciation is the systematic allocation of the cost of a tangible asset over its useful life, reflecting its wear and tear, obsolescence, or decline in value over time.