Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $91,783. The Focus Company initially offered to buy the land for $108,128. The companies settled on a purchase price of $212,000. On the same day, another piece of land on the same block sold for $103,023. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus Company

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e. g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i. e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?