RP&A Purchased Some Non-Current Assets Four Years Ago at a Cost

question 77

Multiple Choice

RP&A purchased some non-current assets four years ago at a cost of €19,800.It no longer needs these assets so are going to sell them today at a price of €3,500.The assets have been depreciated using 20% reducing balances.What is the current book value of these assets?

• A)€1,140.48
• B)€8,110.08
• C)€3,500.00
• D)€4,016.67
• E)€5,702.40

Understand the law of diminishing returns and its impact on marginal cost.

Identify the conditions for a purely competitive firm to earn a normal profit in the short run.

Interpret cost data to determine production levels for profit maximization.

Explain the concept of a firm's supply curve in the context of price and output decisions.

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Definitions:

Migrant and Seasonal Agricultural Worker Protection Act

U.S. legislation aimed at safeguarding the rights of migrant and seasonal farm workers by establishing employment standards and worker protections.

Workers Rights Consortium

An independent labor rights monitoring organization that focuses on protecting and advancing the rights of workers globally, particularly in the apparel industry.

Combat Sweatshops

Efforts and policies aimed at improving working conditions and wages in sweatshops, which are often characterized by unfair labor practices and exploitation.

Contractors

Individuals or companies that undertake a contract to provide materials or labor to perform a service or do a job.