In Model Trains, O Scale Means the Models Are Made

question 57

Essay

In model trains, O scale means the models are made using a 1:48 scale. In the U.S., real train tracks have rails that are 4 ft 8 in apart.
a. If miniature train track was made using O scale, how far apart should the rails be? Round to the nearest hundredth of an inch.
b. The word gauge refers to how far apart the model rails are. For some reason, O gauge track does not exactly use O scale, and O gauge rails are 1.25 inches apart. Find the relative difference of the rail spacing on O gauge track compared to what it should be if it followed O scale. Round to the nearest tenth of a percent.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

FVTOCI

Fair Value Through Other Comprehensive Income, a classification under IFRS for financial assets that are valued at fair value with changes recognized in other comprehensive income rather than profit or loss.

IFRS 9

An International Financial Reporting Standard that addresses the accounting for financial instruments, specifying how an entity should classify and measure financial assets, financial liabilities, and some contracts to buy or sell non-financial items.

Other Comprehensive Income

Income that is not part of net income, including unrealized gains and losses on certain types of investments, which is recorded directly in equity.