Use the following information for questions
-Abcor Corporation uses the cost model to account for its PP&E assets.The assets were acquired on January 1, 2010.The following additional information is available: 
Assuming Abcor did not experience any impairment losses, the 2011 net carrying value of the assets is
Definitions:
Plane Operating Costs
The expenses associated with operating an aircraft, including fuel, maintenance, and crew salaries.
Spending Variance
The difference between the actual costs incurred and the budgeted or planned costs, often used in budget control and variance analysis.
Cost Formulas
Equations used to calculate the costs associated with the production of goods or services, often involving fixed and variable components.
Plane Operating Costs
The expenses related to operating an aircraft, including fuel, maintenance, crew salaries, and hangar fees.
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