Identify the accounting concept, assumption or principle that best applies to each of the following situations:
a. Arbys, the restaurant chain, sold a store location to McDonalds. How can Arbys determine the sale price of the store by a professional appraisal, Arbys cost, or the amount actually received from the sale?
b. Inflation has been around 6.25% for some time. Ridgeview Realtors is considering measuring its land values in inflation-adjusted amounts.
c. Honda wants to determine which division of the company Honda or Acura is more profitable.
d. You get an especially good buy on a television, paying only $1,100 for a television that normally costs $1,900.
What is your accounting value for this television?