Identify the accounting concept, assumption, or principle that best applies to each of the following situations: a. Inflation has been abound 2.5% for some time. VillageVillage Realtors is considering measuring its land values in inflation-adjusted amounts. b. You get an especially good buy on a laptoplaptop , paying only $ 300$300 when it normally costs $ 800$800. What is your accounting value for this laptoplaptop ? c. Burger KingBurger King , the restaurant chain, sold a store location to McDonaldMcDonald 's. How can Burger KingBurger King determine the sale price of the storelong dash-by a professional appraisal, Burger KingBurger King 's original cost, or the amount actually received from the sale? d. General MotorsGeneral Motors wants to determine which division of the companylong dash-ChevroletChevrolet or CadillacCadillaclong dash-is more profitable.
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