The company treasurer must determine the best depreciation method for office furniture that costs $50,000 and has zero salvage value at the end of a 10-year depreciable life. Compute the depreciation schedule using:
a. Straight line
b. Double declining balance
c. Sum-of-years'-digits
d. Modified accelerated cost recovery system

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.