13. Give an example from personal life that illustrates your use of accounting information in reaching a decision 14. You have been elected to the governing board of your church at the first meeting you attend; mention is made of building a new church what accounting information would the board need in deciding whether or not to go ahead?
15. A company purchased equipment for $2000 cash. The vendor stated that the equipment was worth $2400. At what amount should the equipment be recorded?
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Answer:
15- $ 2000
Explanation:
historical cost
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