Pluto Inc. borrows $3000 from Second National Bank by signing a promissory note. Recording this transaction will include which o
f the following?a. Debit notes receivableb. Debit cashc. Credit revenued. Credit note payable
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Answer: effective age, chronological age
Explanation:
Effective age refers to an approximation of how old a specific structure is, generally determined by its condition and functionality.
Chronological age relates to the total time elapsed from the construction date of the building until now.
