When Historical Cost Is Used to Record Equipment,it Would Appear

question 93

Multiple Choice

When historical cost is used to record equipment,it would appear as the:

• A)original cost in an asset on the balance sheet.
• B)residual value in the Stockholders Equity account.
• C)residual value in an asset on the balance sheet.
• D)original cost on the income statement.

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Definitions:

Antagonist

A molecule that inhibits or blocks a neurotransmitter’s action.

Neurotransmitter Receptor

A protein molecule located on the surface of cells, which binds to specific neurotransmitters and triggers a response in the cell.

Drug Molecule

A small molecular compound that interacts with biological systems to produce a therapeutic effect.

Endorphin Agonists

These are substances that mimic the action of endorphins, neurotransmitters in the brain that reduce pain and induce feelings of pleasure.