Identify the accounting concept, assumption, or principle that best applies to each of the following situations:
a. Burger King, the restaurant chain, sold a store location to McDonald's. How can Burger King determine the sale price of the store-by a professional appraisal, Burger King's original cost, or the amount actually received from the sale?
b. General Motors wants to determine which division of the company-Chevrolet or GMC-is more profitable.
c. Inflation has been around 5.5% for some time. Woodlake Realtors is considering measuring its land values in inflation-adjusted amounts.
d. You get an especially good buy on a laptop, paying only $300 when it normally costs $800. What is your accounting value for this laptop?