Accounting Inflation facts
While investigating facts about Accounting Inflation Pdf and Accounting Inflation Definition, I found out little known, but curios details like:
Toronto subway token fare prices have risen faster than inflation since 1990. While the consumer price index has risen at an annualized rate of 1.8% in Canada, TTC fares have increased at 4.5%. A investment in tokens would have been more profitable than to deposit money in a savings account
how does inflation accounting work?
The American government had minted 10,000 dollar notes which are still viable for commercial use today. Since they were minted in the 1800s, accounting for inflation, these notes had the purchasing power of over 200,000 dollars in today's money.
What do you mean by inflation accounting?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what are the objectives of inflation accounting. Here are 11 of the best facts about Accounting Inflation Formula and Accounting Inflationary I managed to collect.
what is inflation accounting?
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In the 1960's the average international call rate was around $3/minute or $180/hour, if you take in inflation into account that would cost $1,382.12/hour today.
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Even when you account for inflation, the cost of a 747 has basically doubled in price from $170million (2015 dollars) in 1967 to 352million today
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The cost of a single launch for the Saturn V rocket was $3.17 billion accounting for inflation!
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Mansu Musa I was the world's richest person to ever live with a networth of 400 Billion dollars (Inflation accounted for. He gained his wealth from his countries gold and salt production
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The Mona Lisa was assessed at US$100 million on December 14, 1962. Taking inflation into account, the 1962 value would be around US$780 million in 2015.
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If you take into account inflation rates, gasoline is $0.01 away from reaching an all-time low price.
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The worldwide box office gross for “Gone with the Wind” after accounting for inflation would be over 7 Billion $USD.
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When accounting for inflation, Gone With The Wind is the highest grossing movie of all time with an exhausting 3hr 58m runtime
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Endgame has a long way to go before it is the highest grossing movie of all time if you take inflation into account. (Currently ranked 25th...)
