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Snell underestimated the distance by 3.5%. The two towns were separated by one degree on the meridian, so from his measurement he was able to calculate a value for the circumference of the earth – a feat celebrated in the title of his book Eratosthenes Batavus (The Dutch Eratosthenes), published in 1617. Snell calculated how the planar ...
In another example, if ABC Corporation purchased a two-acre tract of land in 1980 for $1 million, then a historical-cost financial statement would still record the land at $1 million on ABC's balance sheet. If XYZ purchased a similar two-acre tract of land in 2005 for $2 million, then XYZ would report an asset of $2 million on its balance sheet.
Under the historical cost basis of accounting, assets and liabilities are recorded at their values when first acquired. They are not then generally restated for changes in values. Costs recorded in the Income Statement are based on the historical cost of items sold or used, rather than their replacement costs. For example,
[The formula does not make clear over what the summation is done. P C = 1 n ⋅ ∑ p t p 0 {\displaystyle P_{C}={\frac {1}{n}}\cdot \sum {\frac {p_{t}}{p_{0}}}} On 17 August 2012 the BBC Radio 4 program More or Less [ 3 ] noted that the Carli index, used in part in the British retail price index , has a built-in bias towards recording ...
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
'measure'), is the science and practice of measuring the characteristics of terrain, the shape of the surface of the Earth, and the effects of this surface form on human and natural geography. [1] It gathers various mathematical, statistical and image processing techniques that can be used to quantify morphological, hydrological, ecological and ...
Floor area ratio (FAR) is the ratio of a building's total floor area (gross floor area) to the size of the piece of land upon which it is built. It is often used as one of the regulations in city planning along with the building-to-land ratio. [1] The terms can also refer to limits imposed on such a ratio through zoning.
Shoelace scheme for determining the area of a polygon with point coordinates (,),..., (,). The shoelace formula, also known as Gauss's area formula and the surveyor's formula, [1] is a mathematical algorithm to determine the area of a simple polygon whose vertices are described by their Cartesian coordinates in the plane. [2]