Acompany purchased new furniture at a cost of $16,000 on january 1. the furniture is estimated to have a useful life of 6 years and a $1,000 salvage value. the company uses the straight-line method of depreciation. what is the book value of the furniture on december 31 of the first year?

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate?