Brahms Ltd Acquired a Property of Land and Building for $1.5

question 49

Multiple Choice

Brahms Ltd acquired a property of land and building for $1.5 million.Management estimates the value of land to be 40% of cost.The building is estimated to have a useful life of 50 years.After 25 years,the property was revalued at 1.2 million.It is expected that the life of building will remain the same and salvage value is expected to be $100,000.What is the revaluation gain(loss) for building and the depreciation expense one year after revaluation?

• A) $120,000; $24,800
• B) ($120,000); $28,800
• C) $220,000; $24,800
• D) ($220,000); $28,800
• E) None of the given answers

Recognize the influence of religious texts on the art of the Rajput period.

Identify the growth of Islam as a political and religious force in India.

Describe the artistic devices used in Mughal miniatures to convey narratives.

Identify and describe significant architectural monuments and their functions.

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Definitions:

Ultimatum Game

A game in economic experiments where one player proposes a division of a sum of money and the other player can accept or reject the proposal, testing concepts of fairness and decision-making.

Behavioral Economists

Economists who study the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions.

Human Behavior

The range of actions and mannerisms exhibited by humans in conjunction with their environment, which can be influenced by culture, attitudes, emotions, and genetics.

Behavioral Economics

A field of economics that studies how psychological, emotional, cognitive, and social factors affect economic decisions.