Question: 3. Using the information provided in Exercise 2. Calculate Majikstan Enterprises' net monetary gain or loss in local currency for 201 1 based on the

3. Using the information provided in Exercise 2. Calculate Majikstan Enterprises' net monetary gain or loss in local currency for 201 1 based on the following general price-level information. 12/31/10 30,000 Average 32,900 12/31/1 1 36,000 Required: Using this information, calculate the increase in the current cost of Majikstan Enterprise's equipment, net of inflation

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