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A Photocopier Cost $105,000 When New and Has Accumulated Depreciation

question 45

Multiple Choice

A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. If the business discards this plant asset, the result is ________.


Definitions:

Domestic Supply

The total amount of a product or service produced within a country, available for consumption or export within its borders.

Domestic Demand

The total demand for goods and services within a country, excluding external trade.

World Price

The price at which goods are traded internationally, determining how much a product costs across different countries.

Free Trade

Free trade is the unrestricted exchange of goods and services between countries without tariffs, quotas, or other trade barriers.

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