A plant asset can be defined by which of the following statements? (Check all that apply.) Multiple select question. Its original cost (minus any salvage value) is expensed over its useful life. It is a tangible long-term asset. It has a life within the business greater than one year. Its original cost is expensed in the period in which it was purchased. It is reported on the balance sheet.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

the correct answer is b.)

answer///supply is elastic, and demand is inelastic;